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    000 Old Bainbridge Rd Marion, IL 62959

    For Sale
    $778,600

    38 Acres, Ready for Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 38.93-acre commercial land parcel presents a unique investment opportunity in Marion, Illinois. Strategically located west of Marion and south of Deaconess Hospital (formerly Heartland Hospital), this property boasts significant road frontage and is ready for immediate development. Utilities are readily available, with water and sewer already on-site. The expansive acreage offers considerable potential for a variety of commercial ventures, benefiting from its proximity to a major medical facility and its convenient location within the city. The absence of any existing structures allows for complete design flexibility and customization to suit specific development plans. This is a rare opportunity to acquire a large, well-situated commercial lot in a growing area. The property is being offered for sale by owner at $778,600. Its ideal location and existing infrastructure make it an attractive prospect for developers seeking a prime location for new construction. The address is 000 Old Bainbridge Road, Marion, IL 62959. This property is zoned for commercial use and offers excellent potential for a high return on investment. Serious inquiries are encouraged. The seller is motivated and open to reasonable offers. Don't miss this chance to secure this valuable piece of commercial real estate.

    Property Features for 000 Old Bainbridge Rd

    General Information

    Property type
    Land
    Lot Size
    1,695,791 SF

    HighLights

    • 38.93‑acre commercial land parcel in Marion, IL.
    • Excellent road frontage and immediate development readiness.
    • Utilities (water & sewer) available on‑site.
    • Zoned commercial, near Deaconess Hospital.
    • $778,600; owner‑sale; motivated seller.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9932489
    Latitude
    37.7380267

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    FAQs

    What type of property is this?
    Land - 38 Acres, Ready for Development
    Where is this land located?
    The property is located at 000 Old Bainbridge Rd Marion, IL.
    What is the asking price?
    The asking price for this property is $778,600.
    What are key features of this property?
    This property features: 38.93-acre commercial land parcel in Marion, IL.; Excellent road frontage and immediate development readiness.; Utilities (water & sewer) available on-site.
    Request Owner's contact information
    000 Old Bainbridge Rd 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 Old Bainbridge Rd Marion, IL 62959
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