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    18 Broadway St Herrick, IL 62431

    Sponsored
    For Sale
    $52,000

    COMMERCIAL - Herrick, IL

    Lot size:
    0.82 Acres
    Days on Market:
    112
    Last Refresh:
    Jan 7 at 11:06 pm

    Property Features for 18 Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    07231618307023
    Lot size
    0.82 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    1
    Number of units
    1

    Ryan Dallas Real Estate (217) 351-4900 [email protected]

    Listing agent Ryan Dallas (217) 351-4900

    Listing date Sep 18, 2025

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Herrick Commercial Property for Sale

    This commercial property in Herrick, Illinois, presents an opportunity to own a piece of local history. The building, formerly a train station, measures 20 x 80 and is plumbed for two bathrooms. It features a new 20x20 office space and a renovated 20x60 garage. Situated on approximately 0.82 acres, the property has previously been utilized for heavy equipment storage. The building has been OSB wrapped inside and out and includes insulated windows, metal siding, and a metal roof. Commercial electric and a water line are in place, and the property is wired for a furnace. This property offers potential for various business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Auto Repair Shop Cafe & Coffee Shop Convenience Store Italian Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Herrick
    County
    Shelby
    State
    Illinois
    Longitude
    -88.984814
    Latitude
    39.220187

    FAQs

    What type of property is this?
    Parking lot & garage - Commercial property in Herrick, Illinois, with renovation and storage potential.
    Where is this parking lot & garage located?
    The property is located at 18 Broadway St Herrick, IL.
    What is the asking price?
    The asking price for this property is $52,000.
    What are key features of this property?
    This property features: - Almost 1 acre of ground suitable for heavy equipment storage rental.; - Renovated 20x60 garage and **new 20x20 office space.**; - Commercial electric and water line in place; wired for furnace.
    (217) 351-4900
    Request Owner's contact information
    18 Broadway St Herrick, IL 62431
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    18 Broadway St
    Herrick, IL 62431
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18 Broadway St Herrick, IL 62431
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