Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Marion Illinois 62959 Deyoung St And Sinclair Dr Marion, IL 62959

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Marion Illinois 62959 Deyoung St And Sinclair Dr Marion, IL 62959

    View on Map
    • Retail properties & Spaces
    • 1,760 SF
    • 0.61 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for Marion Illinois 62959 Deyoung St And Sinclair Dr

    Year built
    2023
    Lot size
    0.61 lot acres
    Property size
    1,760 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Auto shops

    Description

    This exceptional investment opportunity presents a 1,760 square foot Take 5 Oil Change, built in 2023, located at the hard corner of W. Deyoung Street and Sinclair Drive in Marion, Illinois (62959). The property sits on a 0.61-acre lot with 9 parking spaces and benefits from a C-2 Highway Commercial zoning designation. The absolute NNN lease boasts a 6.50% cap rate, a $129,550 NOI, and 100% occupancy. The franchisee tenant has over 14 years remaining on their lease, with eight 5-year renewal options, each including a 7.5% rent increase. This translates to a steadily growing income stream, effectively hedging against inflation. The property's prime location within a dense retail corridor, near major retailers such as Walmart, Sam's Club, Home Depot, and Target, and numerous auto dealerships, ensures high visibility and strong customer traffic. The 5-mile trade area boasts a population exceeding 28,700 residents and 20,900 employees, with an average household income of $120,643 within a 1-mile radius. The asking price is $1,993,000 ($1,132.39/sq ft). This is a truly management-free investment opportunity with significant long-term growth potential. The ground lease is in place, representing leased fee ownership (land ownership).

    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
    -88.9747
    Latitude
    37.7444

    Comparable in this City

    • Value Estimation by Request
      8,366 SF

      709 Main St

      Individual retail properties • 8,366 SF
      709 Main St, Marion, IL 62959
      View Details
    • Value Estimation by Request
      510 SF

      2816 Joseph Cannon Way

      Restaurants • 510 SF
      2816 Joseph Cannon Way, Marion, IL 62959
      View Details
    • Value Estimation by Request
      149,672 SF

      Il-13

      Lifestyle centers • 149,672 SF
      0 Il-13, Marion, IL 62959
      View Details
    • Value Estimation by Request

      112 Main St

      Distribution properties
      112 Main St, Marion, IL 62959
      View Details
    • Value Estimation by Request
      7,700 SF

      2900 Joseph Cannon Way

      Restaurants • 7,700 SF
      2900 Joseph Cannon Way, Marion, IL 62959
      View Details
    • Value Estimation by Request
      3,604 SF

      603 Carbon St

      CAR WASH • 3,604 SF
      603 Carbon St, Marion, IL 62959
      View Details

    Similar Nearby for Sale

    • $1,950,000
      17.90 Acres

      Marion, IL Commercial Opportunity

      Turnkey mechanic shop with land and loyal customer base.
      1504 E Main St, Marion, IL 62959
      View Details
    • $2,999,000

      Prime Marion Retail Space

      High-traffic corner lot retail building
      2800 Outer Dr, Marion, IL 62959
      View Details
    • Contact for pricing

      Versatile Commercial Space on Large Lot

      High-visibility commercial space with multiple bays on 3.75 acres.
      1202 S Court St, Marion, IL 62959
      View Details
    • Contact for pricing
      2,040 SF

      Single-Tenant Bank Branch For Sale

      Single-tenant bank branch with long-term lease and drive-thru.
      908 E Deyoung St, Marion, IL 62959
      View Details
    • $3,650,000
      36.60 Acres

      Prime Marion Commercial Land

      36.6 Acres, I-57 & Route 37 Access
      1408 Longstreet St, Marion, IL 62959
      View Details
    • Contact for pricing

      Commercial Corner Lot Near I-57

      Large commercial lot with high visibility near Interstate 57.
      2011 Morgan Ave, Marion, IL 62959
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Lively Area

      Retail space in vibrant Marion, close to shops and landmarks.
      709 W Main St, Marion, IL 62959
      View Details
    • Contact for pricing
      140,000 SF

      Retail Space in New Center

      Retail spaces available in new power center near destination retail.
      W Deyoung St, Marion, IL 62959
      View Details
    • Contact for pricing
      2,780 SF

      Marion Warehouse/Office Space

      Move-in Ready Office & Warehouse
      900 Skyline Dr, Marion, IL 62959
      View Details
    • Contact for pricing
      9,000 SF

      Skyline Drive Commercial Land & Office

      9,000 sq ft Office Building, Excellent Location
      812 Skyline Dr, Marion, IL 62959
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Marion Illinois 62959 Deyoung St And Sinclair Dr
    Marion, IL 62959
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    Marion Illinois 62959 Deyoung St And Sinclair Dr, Marion, IL, 62959

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!