1302 Fair St Marion, IL 62959
- Land
Current Use by Public Records
- Land
Property Details for 1302 Fair St
- Property type
- Land
Description
This exceptional investment opportunity presents a prime commercial land parcel located at 1302 N Fair Street, Marion, Illinois, 62959. The property boasts eight units, comprised of two four-plex buildings situated on a corner lot at the intersection of Fair and Thompson Streets. Each unit offers approximately 1045 square feet of living space, featuring an identical floor plan. The open-concept design seamlessly integrates the living, dining, and kitchen areas. Two bedrooms and two full bathrooms are included in each unit; master bathrooms include walk-in showers. Each unit also includes a one-car garage, plus additional parking space on a concrete pad. Convenient attic storage is accessible via a pull-down ladder in the garage. Luxury vinyl flooring is installed throughout. The great room (kitchen/living area) measures approximately 15'4" x 25', while bedrooms are roughly 11' x 12' and 11' x 15'. A small patio with a semi-private partition is located in the rear of each unit. Currently, four units generate $900 per month in rent (three are month-to-month leases), and four units command $1000 per month under existing leases. The asking price for this lucrative investment is $997,500.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Williamson
- State
- Illinois
- Longitude
- -88.9158
- Latitude
- 37.7421
