803 W Hendrickson Str

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803 W Hendrickson Str

Marion, IL 62959
Asking Price
$75K
Asset Type
Land
Class
Class B

What's Special

803 West Hendrickson Street is located in a mixed-use district near the heart of Marion, Illinois. The property sits within an established neighborhood characterized by a blend of residential housing and light commercial activity. It offers convenient proximity to major local thoroughfares, including Illinois Route 13 and Interstate 57, facilitating regional transportation access. Nearby amenities include various retail centers, dining options, and local government offices situated throughout the downtown corridor. This land asset is suited for a variety of development projects consistent with local zoning regulations. Potential use cases include small-scale professional office buildings, multi-family residential units, or service-oriented commercial facilities. Typical occupants for this location include local businesses seeking visibility within an established community or developers looking to provide infill housing to support the area's workforce.

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NOI
$80,000
Cap Rate
106.67%
DSCR
17.97
Strong
Cash-on-Cash
335.77%
Monthly Payment
$371.059
Annual Cash Flow
$75,547.291

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