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    2800 Outer Dr Marion, IL 62959

    For Sale
    $2,999,000

    High-traffic corner lot retail building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail property, located at 2800 Outer Drive in Marion, Illinois, presents a remarkable investment opportunity. Boasting over 26,000 square feet on a 1.83-acre corner lot, this building enjoys a prime location within Marion's Commercial District. Its strategic placement ensures high visibility and accessibility, with neighboring businesses including Walmart and Black Diamond Harley Davidson, plus numerous strip centers and restaurants. The property's proximity to Rt 13 and Hwy 57 guarantees significant traffic flow, further enhanced by the upcoming Star Bond District development nearby. The building itself is well-equipped for retail operations, featuring a large parking lot for ample customer convenience and two loading docks complete with overhead doors. The asking price for this exceptional property is $2,999,000. This presents a rare chance to acquire a substantial retail space in a thriving commercial area with excellent growth potential. The property's size, location, and amenities make it an ideal investment for discerning buyers seeking a high-return opportunity in a dynamic market. The zip code is 62959.

    Property Features for 2800 Outer Dr

    General Information

    Property type
    Retail properties

    HighLights

    • 26,000 SF retail building on a 1.83‑acre corner lot in Marion, IL.
    • Prime location in Marion's Commercial District with high visibility and accessibility.
    • Neighboring businesses include Walmart and Black Diamond Harley Davidson, plus numerous strip centers and restaurants.
    • Excellent traffic flow due to proximity to Rt 13 and Hwy 57, and the upcoming Star Bond District development.
    • Features ample parking and two loading docks with overhead doors.
    • Asking price: $2,999,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.970482
    Latitude
    37.7456153

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    FAQs

    What type of property is this?
    Retail property - High-traffic corner lot retail building
    Where is this retail property located?
    The property is located at 2800 Outer Dr Marion, IL.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: 26,000 SF retail building on a 1.83-acre corner lot in Marion, IL.; Prime location in Marion's Commercial District with high visibility and accessibility.; Neighboring businesses include Walmart and Black Diamond Harley Davidson, plus numerous strip centers and restaurants.
    Request Owner's contact information
    2800 Outer Dr Marion, IL 62959
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    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
    2800 Outer Dr Marion, IL 62959
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