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1301 Enterprise Way

1301 Enterprise Way, Marion, IL 62959
Property in West Marion
This has been categorized as a commercial property type. In total, the area measurement of the land is 160,736 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1301 Enterprise Way sold most recently in Dec 23, 2021 for a total of $1,773,500. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $36,483 in taxes each year. 1301 Enterprise Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $492,650. If we break it down further, the land itself was valued at $97,640. Improvements to the property, however, were assessed at a total of $395,010. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Business/Commerical Units Count: 54
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 160,736
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 3.69
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: PT NW SE NW W367 OF N589 EX N150 OF W165) EX E 193 OF W357 OF N 150 EX .23 AC

Ownership

  • Current Owner : 1301 ENTERPRISE-MARION CENTRE LLC
  • Previous Owner : JAMES REICHERT FAMILY LIMITED PARTNERSHI
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Marion Community Unit School District 2
  • Census Tract: 021001

Geography

  • Parcel: 06-13-176-004
  • Meridian: NW SEC 13 TWN 09S RNG 02E
  • Municipality: WEST MARION
  • Latitude: 37.7395
  • Longitude: -88.94

    Address

  • Full Address: 1301 Enterprise Way
  • Address - House Number: 1301
  • Address - Street Name: Enterprise
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Marion
  • Carrier Code: C008
  • 4-Digit Zip Code: 4442
  • Zip Code: 62959

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $36,483
  • Tax Rate Code Area: 06010

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,176,827
  • First Open Lien Mortgage Lender: JAMES REICHERT FAMILY LP
  • First Open Lien Mortgage Recording Date: Aug 09, 2022
  • First Open Lien Mortgage Loan Amount: $926,827
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 09, 2052
  • Second Open Lien Mortgage Lender: SOUTHERNTRUST BANK
  • Second Open Lien Mortgage Recording Date: Aug 30, 2022
  • Second Open Lien Mortgage Loan Amount: $250,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Aug 25, 2032

    Market Valuation

  • Market Total Value: $1,477,950
  • Market Land Value: $292,920
  • Market Improvement Value: $1,185,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $492,650
  • Assessed Land Value: $97,640
  • Assessed Improvements Value: $395,010

    Sales

  • Current Sale Contract Date: Dec 23, 2021
  • Current Sale Recording Date: Dec 30, 2021
  • Current Sale Transaction ID: 11876766350
  • Current Sale Price: $1,773,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12361

    Last Sale Mortgage

  • First Mortgage Lender: SOUTHERNTRUST BANK
  • First Mortgage Transaction Date: Dec 30, 2021
  • First Mortgage Loan Amount: $1,047,962
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 29, 2026
  • Second Mortgage Loan Amount: $703,185

About Marion



Similar Buildings

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Nearby Rentals

Unit for rent at 504 E. Reeves, Marion, IL, 62959

$925 /mo

  • 2 Beds
  • 1 Bath
504 E. Reeves #504 E. Reeves, Marion, IL, 62959 Listing by Manager

Frequently Asked Questions

What neighborhood is 1301 Enterprise Way located in?
The 1301 Enterprise Way is a located in the neighborhood of West Marion in Marion, Marion.
What is the average sales price for listings in 1301 Enterprise Way?
The average sales price for units in 1301 Enterprise Way is $0 currently.

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