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    OFF-MARKET
    Commercial real estate

    904 Halfway Rd, Marion, IL 62959

    2.57 ac lot
    Property ID
    US28-4849391
    Property summary
    AI-generated overview

    Exceptional commercial land opportunity in Marion, Illinois, totaling 2.57 acres and priced at $1,100,000 ($9.83/sq ft). This strategically located property boasts 387 feet of road frontage on Halfway Road, less than a mile west of I-57 exit 54, experiencing high traffic counts (estimated 5700 and 9400 vehicles at the nearest intersection). The site benefits from its proximity to numerous established businesses, including Finishline Carwash, Panda Express, Sonic, Starbucks, Sam's Club, Pilot Travel Center, McDonald's, and a Super 8 Hotel. Across the street is a Pilot Travel Center, McDonald's and a Super 8 Hotel. The area is experiencing significant growth, evidenced by nearby developments such as the Kokopelli golf course community and Rent One Park, a 5000+ seat stadium hosting various events. Additional nearby businesses include Walmart, Gold's Gym, Buffalo Wild Wings, Drury Inn, Holiday Inn Express, and Black Diamond Harley Davidson & RV Sales. A small commercial airport, averaging 56 flights daily, is located just 4 miles west. This property presents an excellent opportunity for new businesses, and is also divisible. The permitted zoning is Commercial Residential, and the APN is 0615200015.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.57 ac (111,949 SF)
    APN 0615200015
    UPID US28-4849391
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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