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    Property profile & analytics

    1602 Morgan Ave Marion, IL 62959

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-4594340
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1602 Morgan Ave

    Property type
    Commercial real estate

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.94504
    Latitude
    37.744681

    Comparable in this City

    • $2,500,000
      7.20 Acres

      Prime Marion Commercial Land

      7.2 Acres, High-Traffic Location
      1605 Yearack Dr, Marion, IL 62959
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    • $1,100,000
      2.57 Acres

      Prime Marion Commercial Land

      2.5 Acres, High Traffic Area
      904 Halfway Rd, Marion, IL 62959
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    • $270,000

      Prime Marion Commercial Land

      Two lots, ideal development opportunity.
      1505 Scottsboro Rd, Marion, IL 62959
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    • $3,650,000
      36.60 Acres

      Prime Marion Commercial Land

      36.6 Acres, Ready for Development
      1408 Longstreet St, Marion, IL 62959
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    • $778,600
      38.93 Acres

      Prime Marion Commercial Land

      38 Acres, Ready for Development
      000 Old Bainbridge Rd, Marion, IL 62959
      View Details
    • Contact for pricing

      Marion, IL Land Opportunity

      Land available near shopping and restaurants, Marion, Illinois.
      407 N Walker St, Marion, IL 62959
      View Details

    Similar Nearby for Sale

    • $425,000

      Prime Marion, IL Commercial Land

      High-visibility warehouse lot, $425,000
      2011 Morgan Ave, Marion, IL 62959
      View Details
    • $2,500,000
      7.21 Acres

      Marion Commercial Land for Development

      7.21 acres of commercial land ready for development in Marion.
      1605 Yearack Dr, Marion, IL 62959
      View Details
    • $270,000

      Prime Marion Commercial Land

      Two lots, ideal development opportunity.
      1505 Scottsboro Rd, Marion, IL 62959
      View Details
    • $3,650,000
      36.60 Acres

      Prime Marion Commercial Land

      36.6 Acres, Ready for Development
      1408 Longstreet St, Marion, IL 62959
      View Details
    • $778,600
      38.93 Acres

      Prime Marion Commercial Land

      38 Acres, Ready for Development
      000 Old Bainbridge Rd, Marion, IL 62959
      View Details
    • $2,500,000
      7.20 Acres

      Prime Marion Commercial Land

      7.2 Acres, High-Traffic Location
      1605 Yearack Dr, Marion, IL 62959
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      Skyline Drive Commercial Land & Office

      9,000 sq ft Office Building, Excellent Location
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      2,780 SF

      Marion Warehouse/Office Space

      Move-in Ready Office & Warehouse
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      149,672 SF

      Oasis South: Prime Retail Space

      Williamson County Shopping Center; Spaces Available
      0 Il-13, Marion, IL 62959
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      6,000 SF

      Office Building For Lease

      Office building for lease with build to suit options.
      000 Office Park Dr, Marion, IL 62959
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    • Contact for pricing
      9,000 SF

      Marion Office Suites For Rent

      Three office suites available, easily accessible with ample parking.
      812 Skyline Dr, Marion, IL 62959
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    • Contact for pricing
      16,780 SF

      Marion Commercial Space For Lease

      Two office suites available for lease near Highway 13.
      900 Skyline Dr, Marion, IL 62959
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    1602 Morgan Ave
    Marion, IL 62959
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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