1605 Yearack DrMarion, IL 62959

For Sale
$2,500,000
7.2 Acres, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 7.2-acre commercial land parcel presents a remarkable investment opportunity in Marion, Illinois. Ideally situated at 1605 Yearack Dr, 62959, this property boasts approximately 500 feet of road frontage and benefits from its location between the Kokopelli golf course community and Rent One Park, a 5,000+ seat stadium hosting various events. The area is experiencing rapid growth, with a significant increase in traffic volume since a 2016 count of 5,400 vehicles per day at the nearest intersection (now estimated to be double). Surrounding businesses include major retailers like Walmart and Sam's Club, restaurants such as Buffalo Wild Wings, hotels (Drury Inn, Holiday Inn Express), and Black Diamond Harley Davidson & RV Sales. Proximity to Interstate 57 (one mile northwest) and a small commercial airport with an average of 56 daily flights further enhances its appeal. The property is zoned for commercial use and can be subdivided into three parcels. Located within a Tax Increment Financing (TIF) District, this land offers potential incentives lasting 18-20 years. The asking price is $2,500,000, with a land value of $7.91 per square foot. This property offers unlimited potential for development.

Highlights

  • 7.2-acre commercial land parcel in Marion, IL, at 1605 Yearack Dr, 62959.
  • ~500 feet of road frontage, situated between Kokopelli golf course and Rent One Park (5,000+ seat stadium).
  • High traffic area (estimated double the 2016 count of 5,400 vehicles/day at nearest intersection), near major retailers, restaurants, hotels, and Black Diamond Harley Davidson.
  • One mile from I-57 and a small commercial airport (avg. 56 daily flights).
  • Commercially zoned, subdividable into three parcels, located in a Tax Increment Financing (TIF) District offering 18-20 years of incentives.
  • Asking price: $2,500,000; land value: $7.91/sq ft.

Property Details for 1605 Yearack Dr

Property type
Land
Lot Size (sq. ft)
313,632 SF

Location Insight

City
Marion
County
Williamson
State
Illinois
Latitude
37.7494001
Longitude
-88.9689305
1605 Yearack Dr, Marion, Illinois

FAQs

What type of property is this?
Land - 7.2 Acres, High-Traffic Location
Where is the land located?
The property is located at 1605 Yearack Dr Marion, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7.2-acre commercial land parcel in Marion, IL, at 1605 Yearack Dr, 62959.; ~500 feet of road frontage, situated between Kokopelli golf course and Rent One Park (5,000+ seat stadium).; High traffic area (estimated double the 2016 count of 5,400 vehicles/day at nearest intersection), near major retailers, restaurants, hotels, and Black Diamond Harley Davidson.
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1605 Yearack Dr
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