& I-57 Morgan Ave Marion, IL 62959

Property Details for & I-57 Morgan Ave

Lot size

1.11 lot acres

Property type

Land

Description

This exceptional 7.46-acre commercial land parcel presents a prime development opportunity in Marion, Illinois. Strategically located at the intersection of Morgan Avenue and I-57 (Exit 54), this site boasts unparalleled visibility and accessibility, with an average daily traffic count exceeding 40,000 vehicles. The property is zoned for business use and situated within a Tax Increment Financing (TIF) district, offering potential financial incentives. All essential utilities and infrastructure are readily available. The site's location within the established "the Hill" business corridor makes it ideal for a variety of commercial ventures, including hotels, restaurants, and entertainment businesses. The asking price of $2,900,000 reflects the purchase of the entire 7.46 acres, undivided; however, the seller will consider subdividing the land, with pricing for smaller parcels negotiable based on size and location. This property offers a unique blend of high visibility, convenient access, and development incentives, making it an attractive investment for discerning buyers seeking a prominent location in a growing commercial area. The land value is $8.92 per square foot. The APN is 06-14-100-003. The site is suitable for multi-use commercial development and is highly visible from I-57. The property is located in Williamson County, Illinois, with a zip code of 62959. The lot size ranges from 1.11 to 7.46 acres.

Location Insight

City

Marion

County

Williamson

State

Illinois

Longitude

-88.9586

Latitude

37.7227