Office/Warehouse Building For
3907 Ernestine Drive Marion, IL 62959
3907 Ernestine Drive, Marion, IL, 62959
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For Sale
Contact for pricing
Office/warehouse building featuring 6,000 SF, bathrooms, and reception area.
Property Size6,000 SF
Price / SF$74.83
Days on Market1653
Property Features for 3907 Ernestine Drive
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1991
Listing Agency
Coldwell Banker J. David Thompson, Realty
Listed by
Robbie Thompson · License #IL
Source
Crexi
Added: Jan 9, 2022 Checked: Jul 17 at 12:57 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker J. David Thompson, Realty
Investment Insights
Based on property information with market context.
This 6,000 square foot office/warehouse building is located in a desirable area. The building includes two bathrooms, a break room, a waiting area, a reception area, and a storage room. This property is suitable for a number of business opportunities.
Key Highlights
- 6000 sq ft Office/Warehouse Building
- Great Location
- Includes 2 Bathrooms
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $7.90 |
| − Vacancy | −$4.1k | −$0.68 |
| EGI | $43.3k | $7.22 |
| − OpEx | −$6.5k | −$1.08 |
| NOI | $36.8k | $6.14 |
6,000 SF · lease $7.90/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Office B
$948.9K
$830.3K – $1.11M
NOI $66,420 @ 7.0% cap · market cap 14.79%
Second Best
Warehouse
$526.1K
$460.3K – $613.8K
NOI $36,825 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,543 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Office/warehouse building featuring 6,000 SF, bathrooms, and reception area.
Where is this flex space located?
The property is located at 3907 Ernestine Drive Marion, IL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 6000 sq ft Office/Warehouse Building; Great Location; Includes 2 Bathrooms
