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    1700 Morgan Ave Marion, IL 62959

    Sponsored
    For Sale
    $125,000

    High-visibility flex space; vacant & ready.

    Property size:
    19,166 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19,166 square foot flex space is situated on a nearly half-acre lot at the highly visible corner of Morgan and Peabody Avenues in Marion, Illinois. The property boasts a prime location on the increasingly busy Morgan Avenue (also known as The Hill Ave), ensuring maximum exposure for your business. Currently vacant, this industrial property offers immediate occupancy. The building is situated within a Tax Increment Financing (TIF) district, which may offer potential financial advantages. This is an ideal opportunity for a business seeking a prominent location with excellent visibility and convenient access. The address is 1700 Morgan Avenue, Marion, IL 62959. The property's size makes it suitable for a variety of uses, while its corner location provides unparalleled visibility and accessibility. Don't miss this chance to establish your presence in a thriving area. Serious inquiries only. Asking price is $125,000.

    Property Features for 1700 Morgan Ave

    General Information

    Property type
    Flex space
    Square Feet
    19,166 SF

    HighLights

    • $125,000 asking price.
    • 19,166 square foot industrial flex space.
    • Vacant tenancy.
    • Located at 1700 Morgan Avenue, Marion, IL 62959.
    • Situated on a nearly half‑acre corner lot on Morgan Avenue (The Hill Ave).
    • Located within a Tax Increment Financing (TIF) district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9463707
    Latitude
    37.7446747

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    FAQs

    What type of property is this?
    Flex space - High-visibility flex space; vacant & ready.
    Where is this flex space located?
    The property is located at 1700 Morgan Ave Marion, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: $125,000 asking price.; 19,166 square foot industrial flex space.; Vacant tenancy.
    Request Owner's contact information
    1700 Morgan Ave 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
    1700 Morgan Ave Marion, IL 62959
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