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Property profile & analytics
OFF-MARKET
Commercial real estate

1505 Morgan Ave Marion, IL 62959

Property ID
US28-4079881
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
UPID US28-4079881
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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Comparable Approach Comparable
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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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