Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    812 Skyline Dr Marion, IL 62959

    Property Lookup

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

    812 Skyline Dr Marion, IL 62959

    View on Map
    • Office properties & Spaces
    For Lease
    View Listing →
    Skyline Drive Commercial Land & Office For Lease
    Contact for pricing

    Skyline Drive Commercial Land & Office

    9,000 sq ft Office Building, Excellent Location

    812 Skyline Dr, Marion, IL 62959
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 812 Skyline Dr

    Property type
    Office properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property at 812 Skyline Drive presents a unique investment opportunity. The property encompasses a total of 9,000 square feet of office space, strategically divided into three sizable suites. Suite 100 offers 3,000 square feet, featuring five individual offices and a spacious main area, ideal for a variety of business configurations. Suite 200, at 4,500 square feet, boasts thirteen offices, a dedicated break room, and a large central workspace, perfect for larger teams or expanding businesses. Finally, Suite 300 provides 1,500 square feet of adaptable space. All suites benefit from easy access to Highway 13, west of Marion, ensuring convenient commutes for employees and clients. The property is zoned for commercial use and features a substantial shared parking lot with capacity for over 80 vehicles. The asking price varies from $6 to $8 per square foot, depending on the suite and lease terms. This property is suitable for single or multiple tenant occupancy, offering flexibility and potential for significant return on investment. The APN is 06-16-200-068. This is a single-tenant building on commercially zoned land. Inquire today to explore the possibilities.

    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
    -88.9865
    Latitude
    37.743

    Comparable in this City

    • Value Estimation by Request

      2801 17Th St

      Medical Office Space
      2801 17Th St, Marion, IL 62959
      View Details
    • Value Estimation by Request

      1110 Ct Ave

      Office properties & Spaces
      1110 Ct Ave, 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
      7.20 Acres

      1605 Yearack Dr

      Land • 7.20 Acres
      1605 Yearack Dr, Marion, IL 62959
      View Details
    • Value Estimation by Request

      1602 Morgan Ave

      Land
      1602 Morgan Ave, Marion, IL 62959
      View Details
    • Value Estimation by Request
      36.60 Acres

      1408 Longstreet St

      Land • 36.60 Acres
      1408 Longstreet St, Marion, IL 62959
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,232 SF

      Land with Workshop and House

      Nearly one acre property with workshop and house.
      1504 W Dufour St, Marion, IL 62959
      View Details
    • $425,000
      Pending

      Land Near Love's Truck Stop

      Land for sale across the street from Love's Truck Stop.
      2011 Morgan Ave, 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
      8,550 SF

      Versatile Commercial Building Near I-57

      8550 SF building suitable for office or event center.
      1912 W Rendleman St, Marion, IL 62959
      View Details
    • Contact for pricing

      Office/Warehouse Building For Sale

      Office/warehouse building featuring 6,000 SF, bathrooms, and reception area.
      3907 Ernestine Dr, Marion, IL 62959
      View Details

    Similar Nearby for Lease

    • 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
    • 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

      Retail Space in Lively Area

      Retail space in vibrant Marion, close to shops and landmarks.
      709 W Main St, Marion, IL 62959
      View Details
    View Listing
    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.
    812 Skyline 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

    812 Skyline 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!