1106 Phemister Ln, Marion, IL 62959
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.
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.