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    1408 Longstreet St Marion, IL 62959

    For Sale
    $3,650,000

    36.6 Acres, Ready for Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 36.6-acre commercial land parcel presents a unique investment opportunity in Marion, Illinois. Strategically located on the north side of Longstreet Street, it enjoys prime visibility and convenient access. The property is situated directly adjacent to the Marion Star Bond District, offering significant development potential. A large portion of the land is already zoned commercial, simplifying the development process. The site boasts approximately 1000 feet of road frontage along Longstreet Street, providing excellent exposure. Its location between Interstate 57 and Route 37 ensures easy access to major transportation arteries. Much of the acreage has been recently cleared, making it ideal for immediate development. Four existing large pole barn buildings are on the property, offering potential for immediate use or easy removal to accommodate new construction. The property is fully enclosed by a partial fence. This property is listed at $3,650,000 and is offered for sale by owner. The property's address is 1408 Longstreet Street, Marion, IL 62959, within Williamson County. This is a rare opportunity to acquire a substantial commercial tract in a thriving area with excellent infrastructure and accessibility.

    Property Features for 1408 Longstreet St

    General Information

    Property type
    Land
    Lot Size
    1,594,296 SF

    HighLights

    • $3,650,000 asking price.
    • 36.6‑acre commercial land parcel.
    • Located in Marion, IL, at 1408 Longstreet Street, zip code 62959.
    • Adjacent to the Marion Star Bond District.
    • Approximately 1000 feet of road frontage, easily accessible from I‑57 and Route 37.
    • Partially fenced with cleared land ready for development; includes four pole barn buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9425009
    Latitude
    37.7556614

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    FAQs

    What type of property is this?
    Land - 36.6 Acres, Ready for Development
    Where is this land located?
    The property is located at 1408 Longstreet St Marion, IL.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: $3,650,000 asking price.; 36.6-acre commercial land parcel.; Located in Marion, IL, at 1408 Longstreet Street, zip code 62959.
    Request Owner's contact information
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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
    1408 Longstreet St Marion, IL 62959
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