904 Halfway Rd, Marion, IL 62959
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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