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    OFF-MARKET
    Commercial real estate

    1602 Morgan Ave, Marion, IL 62959

    Property ID
    US28-4594340
    Property summary
    AI-generated overview

    This exceptional commercial land parcel, located at 1602 Morgan Avenue in Marion, Illinois, presents a unique opportunity for discerning investors and business owners. Priced at $94,900, this property boasts a highly desirable location on a much-traveled section of Morgan Avenue, offering excellent visibility and accessibility. The level lot is ready for immediate development, eliminating the need for extensive site preparation. All essential utilities are readily available, simplifying the construction or relocation process. The property's significant frontage on Morgan Avenue ensures high traffic exposure, making it ideal for a wide range of commercial ventures. Whether you're seeking to establish a new business or relocate an existing one, this property offers the perfect blend of location, convenience, and affordability. Its prime position within the Williamson County area of Southern Illinois promises strong potential for growth and return on investment. Don't miss this chance to secure a strategic location in a thriving commercial area. Conduct a traffic count and drive by to experience the location firsthand. This is a ready-to-develop site with all the necessary infrastructure in place.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US28-4594340
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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