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    OFF-MARKET
    Land

    1106 Phemister Ln, Marion, IL 62959

    Built 2004
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1106 Phemister Lane in Marion, Illinois, presents a unique investment opportunity. Priced at $350,000, this property boasts a 10,000 square foot building constructed in 2004, situated on approximately half an acre of land. The building features a spacious open floor plan, ideal for a variety of commercial uses, complemented by a convenient office area with attached restrooms. Two heating and cooling units ensure year-round comfort. Beyond the main building, the property includes additional level land, offering significant potential for expansion or future development according to the new owner's vision. The property's location in the thriving Marion community, with zip code 62959, provides excellent accessibility and visibility. This affordable commercial option offers a compelling blend of existing infrastructure and development potential, making it an attractive investment in a desirable location within Williamson County, Illinois. The property's coordinates are 37.7341396 latitude and -88.894896 longitude.

    Property profile
    Verified
    Property type Land
    Year built 2004
    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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