Property profile

1602 Morgan Ave Marion, IL 62959

FOR SALE
Land
Property ID
US28-4594340
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1602 Morgan Ave, Marion, IL 62959 For Sale
$79,900
1602 Morgan Ave, Marion, IL 62959
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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 Land
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

Location

1602 Morgan Ave Marion, IL 62959
Marion metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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