Property profile

1408 Longstreet St Marion, IL 62959

OFF-MARKET
Land
36.6 ac lot
Saved · see the list in your Dashboard

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

Location

1408 Longstreet St Marion, IL 62959
Marion metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1408 Longstreet St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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