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    2800 Outer Dr Marion, IL 62959

    For Sale
    $2,999,000

    High-traffic retail space, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional commercial property presents a lucrative investment opportunity in Marion, Illinois. Located at 2800 Outer Drive, this 1.83-acre corner lot boasts a substantial 26,000+ square foot building ideally suited for retail use. Its prime location within Marion's Commercial District ensures high visibility and significant traffic counts. The property benefits from its proximity to major retailers such as Walmart and Black Diamond Harley Davidson, as well as numerous strip centers and restaurants. Convenient access to Rt 13 and Hwy 57 further enhances its appeal. The property's strategic positioning is further amplified by its proximity to the upcoming Star Bond District, promising even greater future traffic. The building itself features a large parking lot and two loading docks equipped with overhead doors, providing ample space for operations and customer convenience. The seller is open to leasing options, including the possibility of dividing the building for individual lease arrangements. This property offers a compelling combination of location, size, and flexibility, making it an exceptional opportunity for both investors and businesses seeking a thriving retail presence in a high-traffic area. The asking price is $2,999,000. Further details are available upon request.

    Property Features for 2800 Outer Dr

    General Information

    Property type
    Retail properties

    HighLights

    • $2,999,000 asking price.
    • 1.83‑acre corner lot in Marion, IL's prime commercial district.
    • 26,000+ sq ft building with ample parking and two loading docks.
    • High traffic location near Walmart, Black Diamond Harley Davidson, and major roadways (Rt 13 & Hwy 57).
    • Owner will consider leasing or subdividing the building for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.970482
    Latitude
    37.7456153

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, excellent location.
    Where is this retail property located?
    The property is located at 2800 Outer Dr Marion, IL.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: $2,999,000 asking price.; 1.83-acre corner lot in Marion, IL's prime commercial district.; 26,000+ sq ft building with ample parking and two loading docks.
    Request Owner's contact information
    2800 Outer Dr 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
    2800 Outer Dr Marion, IL 62959
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