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Property profile & analytics
FOR SALE
Industrial properties

224 Main St Marseilles, IL 61341

4.45 ac lot
Entity Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US28-4862423
Property summary
AI-generated overview

This exceptional nine-story commercial condo, located at 224 Main Street in Marseilles, Illinois, presents a remarkable investment opportunity. Boasting a substantial 375,000 square feet of space, this brick and concrete structure offers breathtaking river views. Situated on approximately 4.8 acres, the property benefits from its location within an enterprise zone, with the potential for TIF district designation. The building's robust construction features heavy load floors and multiple elevators, making it ideally suited for a wide range of commercial or mixed-use applications. The interior is well-equipped with a fully installed sprinkler system and features expansive, flowing floor plans that maximize the stunning river vistas. A completed survey and Phase 1 environmental report are readily available for review. This property offers significant potential for redevelopment and presents a unique chance to acquire a substantial commercial asset in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 4.45 ac (193,842 SF)
APN 15-49-443-006
UPID US28-4862423
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
The Marseilles Land And Water Co · 12 yrs held
The Marseilles Land And Water Co
since 2014
1 recorded transaction
2014
$12,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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