1505 Morgan Ave Marion, IL 62959
This exceptional 2.36-acre commercial land parcel presents a remarkable investment opportunity in Marion, Illinois. Strategically located on heavily trafficked Morgan Avenue, this property boasts unparalleled accessibility to Interstate 57, ensuring high visibility and convenient access for businesses and customers. The site's prime location within the Tax Increment Financing (TIF) District offers significant potential for development incentives and cost savings, making it an even more attractive proposition. The expansive acreage allows for the development of a single large-scale business or multiple smaller enterprises, catering to a wide range of commercial needs. This versatile property is ideal for entrepreneurs and investors seeking a high-impact location with strong growth potential. The asking price is $389,000. The property is zoned for commercial use and is ready for immediate development. Its location in Williamson County, Illinois, provides access to a thriving local market and a strong regional economy. The address is 1505 Morgan Avenue, Marion, IL 62959. This is a rare opportunity to acquire a significant commercial land holding in a highly desirable location. Don't miss out on this chance to establish your business in a prime location with excellent infrastructure and development incentives.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.