1801 E Main St Marion, IL 62959
Estimated payment $3,232/month
Highlights
- 8 Acre Lot
- No HOA
- Level Lot
- Washington Elementary School Rated A-
About This Lot
8-Acre Multi-Family Development Opportunity | East Marion, IL Located on the thriving east side of Marion, this 8-acre shovel-ready site offers a rare opportunity for large-scale residential development. The property includes two parcels, a completed engineering survey, EPA permit, and a paid demo permit. Transferable plans for an 84-unit apartment complex are included with the sale—offering a fast track to development. Situated in both a TIF District and Enterprise Zone, this project is eligible for up to $2.3 million in reimbursement to the developer over the life of the TIF, significantly offsetting development costs. Local incentives and tax abatements add even more appeal. Just 10 minutes to I-57, and within 20–30 minutes of Harrisburg, Carbondale, and Cape Girardeau, the site is ideally positioned near major employers like SIH, Pepsi MidAmerica, and Aisin. Zoned for multi-family, this location supports apartments, build-to-rent, or senior housing. Utilities nearby. Don't miss this chance to invest in one of Southern Illinois' most promising rental markets with powerful incentives already in place.
Listing Agent
Indigo Realty LLC Brokerage Phone: 618-952-5200 License #471020854 Listed on: 07/03/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $7,105
Lot Details
- 8 Acre Lot
- Lot Dimensions are 850' x 400'
- Level Lot
Schools
- Marion Middle School
- Marion High School
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 07-20-201-003
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,637 | $85,630 | $47,450 | $38,180 |
| 2024 | $6,637 | $85,630 | $47,450 | $38,180 |
| 2023 | $6,637 | $85,630 | $47,450 | $38,180 |
| 2022 | $5,274 | $75,450 | $41,810 | $33,640 |
| 2021 | $5,142 | $72,720 | $40,300 | $32,420 |
| 2020 | $5,142 | $68,710 | $38,080 | $30,630 |
| 2019 | $5,216 | $68,710 | $38,080 | $30,630 |
| 2018 | $5,216 | $68,710 | $38,080 | $30,630 |
| 2017 | $5,123 | $68,710 | $38,080 | $30,630 |
| 2015 | $4,963 | $65,080 | $36,070 | $29,010 |
| 2013 | $4,216 | $65,080 | $36,070 | $29,010 |
| 2012 | $4,216 | $65,080 | $36,070 | $29,010 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/03/2025 07/03/25 | For Sale | $500,000 | +51.5% | -- | |
| 01/13/2023 01/13/23 | Sold | $330,000 | -12.0% | -- | View Prior Sale |
| 11/11/2022 11/11/22 | Pending | -- | -- | -- | |
| 10/24/2022 10/24/22 | Price Changed | $375,000 | -11.8% | -- | |
| 09/02/2022 09/02/22 | Price Changed | $425,000 | -14.1% | -- | |
| 08/23/2022 08/23/22 | Price Changed | $495,000 | -10.0% | -- | |
| 07/27/2022 07/27/22 | Price Changed | $550,000 | -8.3% | -- | |
| 06/08/2022 06/08/22 | For Sale | $600,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $330,000 | None Listed On Document | |
| Warranty Deed | $330,000 | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $280,000 | Construction |
Source: RMLS Alliance
MLS Number: EB460537
APN: 07-20-201-003
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