Property profile

1501 Russell St Marion, IL 62959

OFF-MARKET
Commercial real estate
Property ID
US28-3622928
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Property summary

AI-generated overview

This exceptional 100,000 dollar commercial property in Marion, Illinois, presents a unique investment opportunity. Situated on a corner lot just under an acre, the property is currently configured as a mobile home court, offering immediate income potential. Existing infrastructure includes readily available electricity and gas connections, significantly reducing the costs and complexities associated with establishing a new business. The property's prime location and versatile nature make it suitable for a wide range of commercial ventures. Entrepreneurs and investors alike will appreciate the potential for redevelopment and adaptation to various business models. The substantial lot size allows for ample space for expansion or the construction of new buildings. This is a rare chance to acquire a well-positioned commercial property in a thriving area, offering both immediate return and long-term growth prospects. The existing utilities are a significant advantage, minimizing upfront investment and accelerating the launch of any new enterprise. Don't miss this chance to secure a valuable asset in a dynamic market. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
UPID US28-3622928

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Campground & RV Park

Location

1501 Russell St Marion, IL 62959
Marion metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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