Property profile

12508 State Hwy Marion, IL 13694

OFF-MARKET
Retail properties & Spaces
5,400 SF 10.8 ac lot Built 1951
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Property summary

AI-generated overview

This exceptional 5,400 square foot retail property, situated on a spacious 10.8-acre lot in Marion, Illinois, presents a compelling investment opportunity. Built in 1951, this single-story building boasts 30 parking spaces, ensuring ample convenience for customers. The property's address is 12508 State Highway 37, Marion, IL 13694, offering excellent visibility and accessibility. With a price per square foot of $157, this property represents a strong value proposition in the Williamson County market. The property's APN is 13.004-1-10.1. This established location offers significant potential for a variety of retail uses, benefiting from its substantial lot size and convenient parking. The property's single-story design provides efficient layout and accessibility. The asking price is $850,000, making it an attractive investment for those seeking a well-positioned retail space with significant growth potential. The property's long history and established location provide a solid foundation for future success. The ample parking and large lot size offer flexibility for expansion or additional development. This property is ready for immediate occupancy and presents a unique opportunity to establish or expand a retail business in a thriving community.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1951
Total area 5,400 SF
Lot 10.8 ac (470,448 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12508 State Hwy Marion, IL 13694
Marion metro
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Value estimations

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Owner & transaction history

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