Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    & I-57 Morgan Ave Marion, IL 62959

    Sponsored
    For Sale
    $2,900,000

    7.46-acre commercial development site, divisible parcels.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.46-acre commercial land parcel presents a prime development opportunity in Marion, Illinois. Strategically located at the intersection of Morgan Avenue and I-57 (Exit 54), this site boasts unparalleled visibility and accessibility, with an average daily traffic count exceeding 40,000 vehicles. The property is zoned for business use and situated within a Tax Increment Financing (TIF) district, offering potential financial incentives. All essential utilities and infrastructure are readily available. The site's location within the established "the Hill" business corridor makes it ideal for a variety of commercial ventures, including hotels, restaurants, and entertainment businesses. The asking price of $2,900,000 reflects the purchase of the entire 7.46 acres, undivided; however, the seller will consider subdividing the land, with pricing for smaller parcels negotiable based on size and location. This property offers a unique blend of high visibility, convenient access, and development incentives, making it an attractive investment for discerning buyers seeking a prominent location in a growing commercial area. The land value is $8.92 per square foot. The APN is 06-14-100-003. The site is suitable for multi-use commercial development and is highly visible from I-57. The property is located in Williamson County, Illinois, with a zip code of 62959. The lot size ranges from 1.11 to 7.46 acres.

    Property Features for & I-57 Morgan Ave

    General Information

    Property type
    Land
    Lot Size
    48,352 SF

    HighLights

    • 7.46‑acre commercial land parcel, divisible, available for $2,900,000.
    • Located in Marion, IL's established "the Hill" business corridor, directly off I‑57 and IL‑13 interchange (Exit 54).
    • High visibility from I‑57, with over 40,000 vehicles daily.
    • TIF district financial incentives available.
    • Ideal for hotels, restaurants, and entertainment businesses; build‑to‑suit or land lease options considered.
    • APN: 06‑14‑100‑003.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9586248
    Latitude
    37.7227132

    Nearby Similar for Sale

    • $795,000
      0.56 Acres

      Prime Commercial Property, Marion, IL

      High-visibility commercial property suitable for retail, showroom, or office.
      305 W Main St, Marion, IL 62959
      View Details
    • $270,000

      Updated Duplex with Large Lot

      Updated duplex with separate utilities and potential for expansion.
      1103 W Boulevard St, Marion, IL 62959
      View Details
    • $350,000

      Marion IL Triplex Investment Opportunity

      Triplex with stainless steel appliances and washer/dryer hookups.
      1205 N Otis St, Marion, IL 62959
      View Details
    • $540,000

      Marion, IL Apartment Building

      Six-unit apartment building with remodeling completed in 2024.
      105 S Liberty St, Marion, IL 62959
      View Details
    • $475,000
      5,229 SF

      Marion Office Building on 2.62 Acres

      Freestanding 5,229 SF office building on 2.62 acres.
      3309 Water Tower Rd, Marion, IL 62959
      View Details
    • $2,500,000
      17.90 Acres

      Marion, IL Commercial Opportunity

      Turnkey mechanic shop with land and loyal customer base.
      1504 E Main St, Marion, IL 62959
      View Details
    • $190,000
      0.32 Acres

      Marion Industrial Building For Sale

      3,864 sq. ft. building on 0.32 acres in Marion, IL.
      3310 Water Tower Rd, Marion, IL 62959
      View Details
    • $450,000
      0.31 Acres

      Marion, IL Fourplex Investment Opportunity

      Four-unit multifamily property in Marion, Illinois, fully rented.
      1105 N Monroe St, Marion, IL 62959
      View Details
    • $1,993,000
      1,760 SF

      Take 5 Oil Change Investment

      NNN leased investment property with over 14 years remaining.
      2814 Joseph Cannon Way, Marion, IL
      View Details
    • $120,000
      2,160 SF

      2,160 SF Last Mile Facility

      Former Home City Ice facility with freezer space for sale.
      3307 Water Tower Rd, Marion, IL 62959
      View Details
    • $1,195,000
      2,040 SF

      Single-Tenant Bank Branch For Sale

      Single-tenant bank branch with long-term lease and drive-thru.
      908 E Deyoung St, Marion, IL 62959
      View Details
    • $425,000
      0.82 Acres

      High-Visibility Marion Commercial Lot

      Prime location, high traffic, level lot.
      2011 Morgan Ave, Marion, IL 62959
      View Details

    FAQs

    What type of property is this?
    Land - 7.46-acre commercial development site, divisible parcels.
    Where is this land located?
    The property is located at & I-57 Morgan Ave Marion, IL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 7.46-acre commercial land parcel, divisible, available for $2,900,000.; Located in Marion, IL's established "the Hill" business corridor, directly off I-57 and IL-13 interchange (Exit 54).; High visibility from I-57, with over 40,000 vehicles daily.
    (618) 791-8396
    Request Owner's contact information
    & I-57 Morgan Ave Marion, IL 62959
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    & I-57 Morgan Ave
    Marion, IL 62959
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    & I-57 Morgan Ave Marion, IL 62959
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.