1912 Rendleman St, Marion, IL 62959
This exceptional 8,550 square foot commercial property, situated on a 0.43-acre lot at 1912 W Rendleman Street in Marion, Illinois, presents a unique investment opportunity. Its strategic location just off Interstate 57 ensures high visibility and convenient access for both employees and clients. The building, constructed of steel, boasts a flexible layout currently configured as office space and an event center. The event center features impressive 12-foot ceilings, creating a spacious and adaptable environment for various functions. Other areas within the building have varying ceiling heights. The property is equipped with an efficient electric heat pump and central air conditioning system, ensuring year-round comfort. The building is well-maintained, reflecting a commitment to quality and longevity. With its substantial size and versatile design, this property is well-suited for a wide range of commercial uses, making it an attractive prospect for businesses seeking a prominent location and functional space. The 0.43-acre lot offers ample parking and potential for future expansion. Priced at $499,000, this property represents a compelling investment opportunity in a thriving Illinois market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.