Property profile

1912 Rendleman St Marion, IL 62959

OFF-MARKET
Commercial real estate
8,550 SF 0.43 ac lot Built 1982
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Year built 1982
Total area 8,550 SF
Lot 0.43 ac (18,731 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1912 Rendleman St Marion, IL 62959
Marion metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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