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    Herrick, IL
    Flex Space

    Herrick, IL Flex Space for Sale

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    Pana, IL Ramsey, IL Tower Hill, IL Beecher City, IL Saint Elmo, IL Shelbyville, IL Altamont, IL Nokomis, IL
    Flex Space with Renovated Garage
    Updated: Sep 12, 2025
    Flex Space with Renovated Garage

    18 Broadway Street, Herrick, IL 62431

    $52,000
    0.82 AC lot
    0.821‑acre commercial property at 18 Broadway Street in Herrick, IL 62431
    20‑by‑80‑foot building with new 20‑by‑20 office space and renovated 20‑by‑60 garage
    Ground previously rented for central heavy‑equipment storage
    Plumbed for two separate bathrooms and wired for furnace
    Commercial electric and water line in place
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    Renovated Garage Flex Space
    Updated: Sep 12, 2025
    Renovated Garage Flex Space

    18 Broadway Street, Herrick, IL 62431

    $52,000
    1,600 sqft
    20 x 80 flex‑space building constructed in 1900
    All‑new 20x20 office space paired with a renovated 20x60 garage
    Plumbed for two separate bathrooms
    Almost 1 acre of ground previously rented for heavy equipment storage
    Commercial electric and water line in place
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Herrick, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Story Flex Distribution Building
    Three-Story Flex Distribution Building

    407 W Ryder St, Litchfield, IL 62056

    $350,000
    20,000 sqft

    Three-story building with over 20,000 SF, office-ready first floor with bathrooms, plus two additional full floors.

    View details
    Industrial and Office Flex Facility
    Industrial and Office Flex Facility

    1501 S 15th St, Mattoon, IL 61938

    Contact for pricing
    238,672 sqft

    Industrial and office flex space includes 16'-22'4" clear heights and several overhead doors.

    View details
    Modern Flex Space For Sale
    Modern Flex Space For Sale

    3121 Marshall Ave, Mattoon, IL 61938

    Contact for pricing
    2,448 sqft

    Flex space building constructed in 2017 with high traffic location.

    View details
    Flex Space with Warehouse Improvements
    Flex Space with Warehouse Improvements

    418 W Kirkham Street, Litchfield, IL 62056

    $200,000

    Versatile commercial space combines warehouse functionality with finished offices and support areas.

    View details

    Herrick, IL Flex Space Market Trends and Statistics

    Explore 2 flex space for sale in Herrick, IL on our real estate platform. These investment opportunities span a total of 1,600 square feet of properties for sale, with an estimated market value of $104,000.

    Sale prices for business spaces in Herrick, IL average $52,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 2

    Demographics Overview

    Population 777
    Population Growth (5Y) -26.3%
    Median Household Income $71,000
    College Educated 9.7%

    High-Yield Neighborhoods for Investment

    Identify Herrick submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62431 $52K

    Taxes & Financing

    Tax Rate (average for all types) 8.70%
    Property Tax per SF $79.61 per SF
    Average Loan-to-Value 65.0%

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