Marion, IL
Commercial Real Estate Market Trends & Data

$148 Avg asking sale price
$12 Avg asking lease rate
5,444 SF Avg unit lease size
4,814 SF Avg building size for sale
8.10% Average cap rate

Marion's Demographic Profile

Marion has 7,689 households and a median income of $46,914, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 17,188
# Households 7,689
Median age 42
Median household income $46,914
Avg household size 2.0
Renter-occupied housing units 3,359
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Marion, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Marion $138 3,494 SF 9.25%
Crainville $105 4,455 SF 6.74%
Herrin $106 7,257 SF 9.25%
Carterville $105 4,455 SF 6.74%
Nearby Retail Markets Avg Cost/SF Typical Size
Marion $135 4,100 SF
Energy $100 1,344 SF
Crainville $123 5,632 SF
Herrin $90 7,699 SF
Carterville $123 5,632 SF

Commercial Properties For Sale in Marion

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

15866 Moellers Rd

Marion, IL 62959

  • 9,000 SF Specialty
  • $1,250,000
For Sale

IHOP - 24 Hour Location

Marion, IL 62959

  • 5,000 SF Retail Building
  • 7.25% Cap Rate
  • $2,000,000
For Sale

1414 W MAin St

Marion, IL 62959

  • 4,616 SF Specialty
  • $669,000
For Sale

105-107 Airway Dr - The Airway Drive

Marion, IL 62959

  • 9,700 SF Office Building
  • 9.24% Cap Rate
  • $1,091,000
For Sale

103 Airway Drive - The Airway Drive Portfolio

Marion, IL 62959

  • 5,258 SF Office Building
  • 7.49% Cap Rate
  • $525,000
For Sale

104 Airway Drive - The Airway Drive

Marion, IL 62959

  • 3,750 SF Office Building
  • 9.25% Cap Rate
  • $535,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
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Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
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How to Buy a Duplex
Breaking down every stage of buying a duplex, from budgeting and financing to agent selection and market analysis, ensuring you make an informed investment decision.
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Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Marion pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Marion $148 4,814 SF
Johnston City $90 2,445 SF
Energy $100 1,344 SF
Crainville $94 5,153 SF
Herrin $90 37,269 SF

Regional Demographic Comparison

This comparison places Marion alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Marion or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Marion 17,188 7,689 42 $46,914 2 3,359 1%
Energy 975 426 44 $72,930 2 131 -4%
Crainville 1,402 615 42 $72,840 2 184 -1%
Herrin 12,410 5,316 41 $48,639 2 1,903 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Marion, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Marion

View All Commercial Real Estate For Sale in Marion
Is Marion a good market for a first-time commercial real estate investor?

Marion offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Marion?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Marion. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Marion?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Marion. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Marion compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Marion. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Marion acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Marion, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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