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Property profile & analytics

1106 Phemister Ln Marion, IL 62959

  • Commercial real estate
  • 11,240 SF
  • 1.17 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Commercial real estate

Property Details for 1106 Phemister Ln

Year built
2004
Lot size
1.17 lot acres
Property size
11,240 SF
Property type
Commercial real estate

Description

This exceptional commercial property, located at 1106 Phemister Lane in Marion, Illinois, presents a fantastic opportunity for businesses seeking a substantial footprint in a thriving community. The building boasts 11,240 square feet of versatile space, ideal for a variety of commercial uses. A significant portion of this space is comprised of an open floor plan, offering flexibility for customization and efficient layout design. In addition to the expansive open area, the property includes a dedicated office space equipped with convenient restrooms. The building is equipped with two heating and cooling units, ensuring year-round comfort and operational efficiency. Situated on a 1.17-acre lot, the property offers significant additional land beyond the building's footprint. Approximately half an acre is occupied by the building itself, leaving a substantial level parcel of land available for expansion, parking, outdoor storage, or other uses as determined by the new owner. This property represents an affordable entry point into the Marion commercial real estate market, offering a compelling combination of size, functionality, and location. The property's prime location within the growing Marion community ensures excellent visibility and accessibility, making it an attractive option for businesses seeking to establish or expand their operations. This is a rare opportunity to acquire a substantial commercial property at a competitive price.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Marion
County
Williamson
State
Illinois
Longitude
-88.8949
Latitude
37.7341
More about this property
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