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Property profile & analytics
OFF-MARKET
Commercial real estate

1607 Russell St Marion, IL 62959

2.5 ac lot
Property ID
US28-4472861
Property summary
AI-generated overview

This exceptional 2.5-acre commercial land parcel, located at 1607 N RUSSELL Street in Marion, Illinois (zip code 62959), presents a compelling investment opportunity. The property, identified by APN 06-12-378-005, is offered for sale by the owner at $445,000. Its zoning permits residential development, making it suitable for a variety of uses, including the construction of an apartment complex, as suggested by its potential for high-density housing. The land boasts significant road frontage and level terrain, simplifying construction and enhancing accessibility. Its proximity to interstate access further enhances its appeal and potential for attracting tenants or customers. The property's location in Marion, Williamson County, Illinois, offers a strategic advantage for businesses seeking visibility and convenient access to transportation networks. This is a rare opportunity to acquire a sizable, well-situated commercial lot with significant development potential in a growing area. The property is individually owned and is being sold directly by the owner. Serious inquiries are encouraged to explore the possibilities this prime location offers. Buyers are responsible for conducting their own due diligence regarding zoning regulations and development permits.

Property profile
Verified
Property type Commercial real estate
Lot 2.5 ac (108,900 SF)
APN 06-12-378-005
UPID US28-4472861
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
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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