1106 Phemister Ln, Marion, IL 62959
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.
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
Similar Nearby for Lease
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.