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    1106 Phemister Ln Marion, IL 62959

    Sponsored
    For Sale
    $350,000

    Prime Commercial Land, 10,000 sq ft building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1106 Phemister Lane in Marion, Illinois, presents a unique investment opportunity. Priced at $350,000, this property boasts a 10,000 square foot building constructed in 2004, situated on approximately half an acre of land. The building features a spacious open floor plan, ideal for a variety of commercial uses, complemented by a convenient office area with attached restrooms. Two heating and cooling units ensure year-round comfort. Beyond the main building, the property includes additional level land, offering significant potential for expansion or future development according to the new owner's vision. The property's location in the thriving Marion community, with zip code 62959, provides excellent accessibility and visibility. This affordable commercial option offers a compelling blend of existing infrastructure and development potential, making it an attractive investment in a desirable location within Williamson County, Illinois. The property's coordinates are 37.7341396 latitude and -88.894896 longitude.

    Property Features for 1106 Phemister Ln

    General Information

    Property type
    Land

    Building Details

    Year Built
    2004
    Buildings
    1

    HighLights

    • $350,000 asking price.
    • 10,000 SF commercial land parcel in Marion, IL.
    • One building constructed in 2004 on approximately 0.5‑acre lot.
    • Includes office space with restrooms and HVAC.
    • Additional level land available for future development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.894896
    Latitude
    37.7341396

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, 10,000 sq ft building
    Where is this land located?
    The property is located at 1106 Phemister Ln Marion, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; 10,000 SF commercial land parcel in Marion, IL.; One building constructed in 2004 on approximately 0.5-acre lot.
    Request Owner's contact information
    1106 Phemister Ln Marion, IL 62959
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1106 Phemister Ln Marion, IL 62959
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