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    1912 Rendleman St Marion, IL 62959

    For Sale
    $499,000

    8,550 SF Multi-Tenant Industrial Building

    Property size:
    8,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 8,550 square foot industrial building, situated on a spacious 18,900 square foot lot in Marion, Illinois, presents a compelling investment opportunity. Built in 1982, the single-building property is conveniently located off I-57, offering excellent accessibility. Currently configured as office space and an event center, the adaptable steel structure lends itself to a variety of uses. The event center boasts 12-foot ceilings, while ceiling heights vary elsewhere in the building. The property features electric heat pumps and central air conditioning, ensuring year-round comfort. The well-maintained building is offered for sale by owner at $499,000. The property's APN is 06-14-277-004. This multi-tenant property is classified as Distribution, Manufacturing, and Warehouse, making it suitable for a range of businesses. Its location in Williamson County, Illinois, with a zip code of 62959, provides access to a robust transportation network and a growing market. The property's versatility and prime location make it an attractive investment for owner-users seeking a functional and adaptable space.

    Property Features for 1912 Rendleman St

    General Information

    Property type
    Distribution properties
    Square Feet
    8,550 SF

    Building Details

    Year Built
    1982
    Buildings
    1

    HighLights

    • 8,550 SF industrial building on an 18,900 SF lot in Marion, IL.
    • Excellent I‑57 accessibility.
    • Adaptable steel structure, currently used as office/event space.
    • Event center features 12' ceilings; other areas vary.
    • Electric heat pumps and central AC.
    • $499,000 sale price; APN 06‑14‑277‑004.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9508504
    Latitude
    37.738593

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    FAQs

    What type of property is this?
    Distribution property - 8,550 SF Multi-Tenant Industrial Building
    Where is this distribution property located?
    The property is located at 1912 Rendleman St Marion, IL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 8,550 SF industrial building on an 18,900 SF lot in Marion, IL.; Excellent I-57 accessibility.; Adaptable steel structure, currently used as office/event space.
    Request Owner's contact information
    1912 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
    1912 Rendleman St Marion, IL 62959
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