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    000 Rendleman St Marion, IL 62959

    Sponsored
    For Sale
    $325,000

    Level lot, utilities available, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial land parcel, located at 000 Rendleman Street in Marion, Illinois, presents a unique investment opportunity. Spanning nearly an acre, this level lot boasts convenient access from two paved streets, ensuring easy ingress and egress for any development. Situated in the heart of Marion's commercial district, the property benefits from the existing infrastructure and high visibility associated with a thriving business environment. All utilities are readily available, simplifying the development process and minimizing upfront costs. The property's ideal location and accessibility make it suitable for a wide range of commercial ventures, from retail spaces and restaurants to office buildings and light industrial uses. The asking price of $325,000 reflects the significant potential of this strategically positioned land parcel. With its prime location, level topography, and readily available utilities, this property represents a compelling investment opportunity for discerning buyers seeking to capitalize on Marion's dynamic commercial landscape. The zip code is 62959, and the property is located in Williamson County. The latitude and longitude coordinates are 37.7390004 and -88.9424679 respectively.

    Property Features for 000 Rendleman St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9424679
    Latitude
    37.7390004

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    FAQs

    What type of property is this?
    Land - Level lot, utilities available, prime location.
    Where is this land located?
    The property is located at 000 Rendleman St Marion, IL.
    What is the asking price?
    The asking price for this property is $325,000.
    Request Owner's contact information
    000 Rendleman St 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
    000 Rendleman St Marion, IL 62959
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