$899,000

1807 E Main St Marion, IL 62959

Estimated payment $5,770/month

Total Views 10,989
4 Beds
-- Bath
3,000 Sq Ft
$300 Price per Sq Ft

Highlights

  • 12.15 Acre Lot
  • Washington Elementary School Rated A-
  • Level Lot

About This Home

Investor-Ready | 12-Acre Multi-Use Property with Rental Income & Development Potential | East Marion, IL Unlock exceptional potential with this 12-acre income-producing property on the growing east side of Marion. Property includes two single-family homes, multiple multi-family units, and commercial storage buildings—plus room to expand. Currently home to 9 residential units (1–3 beds), a laundry building with future unit potential, and multiple commercial-use barns and workshops, this property is perfect for long-term investors or developers. Located just 10 minutes from I-57, 20 miles from Harrisburg, and 28 miles from Carbondale, with close proximity to SIH, Aisin, VA Hospital, and other top regional employers. Zoned and positioned for future residential or commercial development, this site is eligible for Marion’s TIF District and possibly the Enterprise Zone. The opportunity for creative financing and strong long-term ROI makes this an ideal match for investors or developers looking to take on a meaningful project in a high-growth corridor. Public utilities are nearby for growth, and engineering reports for surrounding parcels suggest smooth scalability. Whether you’re expanding a portfolio, developing multi-family housing, or creating a mixed-use community, this is your springboard in one of Southern Illinois’ strongest growth corridors. Full breakdown of rents available to qualified buyers.

Listing Agent

Alysa Bunting

Indigo Realty LLC Brokerage Phone: 618-952-5200 License #471020854 Listed on: 07/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,269

Year Built

  • Built in 1953

Lot Details

  • 12.15 Acre Lot
  • Lot Dimensions are 500 x 940
  • Level Lot

Parking

  • 40 Parking Spaces

Home Design

  • 3,000 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Marion High School

Community Details

  • Trash Expense $1,140

Listing and Financial Details

  • Assessor Parcel Number 07-20-226-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,269

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1953
  • New Construction: No
  • Structure Type: Other
  • PricePerSqFt: 299.67
  • Attribution Contact: Phone: 618-952-5200
  • Special Features: None

Interior Features

  • Basement: None
  • Total Bedrooms: 4

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Other
  • Roof: Other
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Other
  • Total Parking Spaces: 40

Utilities

  • Heating: Other
  • Electric Expense: 4980
  • Water Sewer Expenses: 900
  • Laundry Features: Common Area
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 9
  • NumberOfHeatingUnits: 9
  • NumberOfCentralAirUnits: 9
  • NumberOfGasMeters: 0
  • NumberOfElectricMeters: 9
  • NumberofWaterMeters: 9
  • NumberOfRanges: 9
  • NumberofRefrigerators: 9

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 1140
  • AdvertisingExpense: 0

Schools

  • High School: Marion

Lot Info

  • Zoning: Commercial
  • Lot Size Acres: 12.15
  • Lot Size: 500 x 940
  • Additional Parcels Description: 07-20-200-014
  • Parcel #: 07-20-226-003

Rental Info

  • Tenant Pays: Other
  • Lease Term: Variable

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12268.64
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 103356
  • Annual Operating Expense: 20102

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $10,298 $133,265 $18,195 $115,070
2024 $10,298 $133,265 $18,195 $115,070
2023 $10,298 $133,225 $18,155 $115,070
2022 $8,334 $118,805 $15,985 $102,820
2021 $8,146 $114,920 $15,380 $99,540
2020 $8,146 $109,220 $14,510 $94,710
2019 $8,291 $109,220 $14,510 $94,710
2018 $8,291 $109,220 $14,510 $94,710
2017 $8,143 $109,220 $14,510 $94,710
2015 $7,905 $104,100 $13,750 $90,350
2013 -- $104,100 $13,750 $90,350
2012 -- $104,100 $13,750 $90,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 For Sale $899,000 -- $300 / Sq Ft
Source: RMLS Alliance

Source: RMLS Alliance

MLS Number: EB458964

RMLS Alliance

APN: 07-20-226-003