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    Property profile & analytics

    1408 Longstreet St Marion, IL 62959

    • Commercial real estate
    • 36.60 lot acres
    For Sale
    View listing
    $3,650,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1408 Longstreet St

    Lot size
    36.60 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 36.6-acre commercial property presents a significant development opportunity in Marion, Illinois. Strategically located on the north side of Longstreet Street, it enjoys prime visibility and convenient access to both Interstate 57 and Route 37, ensuring excellent connectivity for any commercial venture. The property is situated within the Marion city limits, with a substantial portion already zoned for commercial use, simplifying the development process. Approximately 1000 feet of road frontage along Longstreet Street provides ample space for building access and signage. The land is partially fenced, offering a degree of security and definition. A significant portion of the acreage has been recently cleared, making it ready for immediate development. Four existing large pole barn buildings are present on the site

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9378
    Latitude
    37.7561

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    1408 Longstreet St
    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
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