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    OFF-MARKET
    Commercial real estate

    1408 Longstreet St, Marion, IL 62959

    36.6 ac lot
    Property ID
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Commercial real estate
    Lot 36.6 ac (1,594,296 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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