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    OFF-MARKET
    Land

    1408 Longstreet St, Marion, IL 62959

    36.6 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 36.6-acre commercial land parcel presents a unique investment opportunity in Marion, Illinois. Strategically located on the north side of Longstreet Street, it enjoys prime visibility and convenient access. The property is situated directly adjacent to the Marion Star Bond District, offering significant development potential. A large portion of the land is already zoned commercial, simplifying the development process. The site boasts approximately 1000 feet of road frontage along Longstreet Street, providing excellent exposure. Its location between Interstate 57 and Route 37 ensures easy access to major transportation arteries. Much of the acreage has been recently cleared, making it ideal for immediate development. Four existing large pole barn buildings are on the property, offering potential for immediate use or easy removal to accommodate new construction. The property is fully enclosed by a partial fence. This property is listed at $3,650,000 and is offered for sale by owner. The property's address is 1408 Longstreet Street, Marion, IL 62959, within Williamson County. This is a rare opportunity to acquire a substantial commercial tract in a thriving area with excellent infrastructure and accessibility.

    Property profile
    Verified
    Property type Land
    Lot 36.6 ac (1,594,296 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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