Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Clark Trl St Herrin, IL 62948

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $95,000

    Prime Herrin location, high development potential.

    Property Features for Clark Trl St

    General Information

    Property type
    Other commercial real estate

    We can help!

    Listing Contact
    G. David Green

    Listing Agency: AVRIPAS SOUTHERN REAL ESTATE Listing Agent: G. David Green

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 95,000 USD commercial property presents a unique opportunity for investors and developers. Situated on Clark Trail Street in Herrin, Illinois, this lot offers significant potential for various commercial ventures. Its convenient location, just half a block from the main avenue, ensures high visibility and accessibility. The property is classified as general commercial, providing flexibility for a wide range of uses, subject to local zoning regulations. While the exact square footage is not currently specified, the lot size is described as offering ample space for development. The asking price of 95,000 USD makes this an attractive investment opportunity in a growing area. Prospective buyers are encouraged to conduct their own due diligence regarding zoning, utilities, and potential development costs. This property is ideally suited for entrepreneurs seeking a strategic location to establish a new business or for developers looking to capitalize on the area's growth potential. The half-block proximity to the main avenue guarantees significant foot traffic and easy access for customers and employees. This is a rare chance to acquire a well-positioned commercial lot in a desirable Herrin location. Serious inquiries are welcome.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Herrin
    County
    Williamson
    State
    Illinois
    Longitude
    -89.04025
    Latitude
    37.79343

    Nearby Similar for Sale

    • $620,000
      4.00 Acres

      Herrin Multifamily Investment Opportunity

      Eleven units on four acres in Herrin, Illinois.
      1609 S 22Nd St, Herrin, IL 62948
      View Details
    • $340,000
      2,022 SF

      Herrin Office Building For Sale

      2,022 SF office building with drive-thru, near IL-13.
      401 Rushing Dr, Herrin, IL 62948
      View Details
    • $120,000
      0.23 Acres

      Herrin Commercial Properties For Sale

      Adjacent commercial properties in Herrin, Illinois, with redevelopment potential.
      211 S Park Ave, Herrin, IL 62948
      View Details
    • $499,000
      0.11 Acres

      Mixed-Use Building in Herrin, IL

      Large mixed-use building with commercial and residential leasing opportunities.
      110 W Cherry St, Herrin, IL 62948
      View Details
    • Contact for pricing
      180,000 SF

      Rail-Served Warehouse in Herrin, Illinois

      50,000-180,000 SF warehouse with rail access for lease/sale.
      2405 W Herrin St, Herrin, IL 62948
      View Details
    • Contact for pricing
      16,800 SF

      Mt. Vernon Warehouse on 7 Acres

      Well-maintained 16,800 SF office/warehouse near I-57/I-64.
      12086 Il Hwy, Herrin, IL
      View Details
    • $499,000
      10,000 SF

      Herrin, IL Mixed-Use Investment

      11-Unit Apartment Building, High Visibility
      110 Cherry St, Herrin, IL 62948
      View Details
    • $499,000
      10,000 SF

      Herrin, IL Commercial Investment Opportunity

      High-visibility commercial building with rental income.
      110 Cherry St, Herrin, IL 62948
      View Details
    • $900,000
      13,724 SF

      Herrin Commercial Property: Prime Location

      Two Buildings, Ample Parking, High Traffic Area
      3209 Park Ave, Herrin, IL 62948
      View Details
    • $299,900
      7,100 SF

      Herrin, IL Commercial Property

      Spacious Office/Warehouse on 1.45 Acres
      1100 13Th St, Herrin, IL 62948
      View Details
    • $229,900
      2,708 SF

      Herrin Office Building: Prime Location

      Spacious office, tranquil setting, ample parking.
      200 Diaz St, Herrin, IL 62948
      View Details
    • $120,000
      9,948 SF

      Herrin, IL Commercial Investment Opportunity

      High-Visibility Downtown Herrin Properties - Huge Potential!
      211 Park Ave, Herrin, IL 62948
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Herrin location, high development potential.
    Where is this commercial real estate located?
    The property is located at Clark Trl St Herrin, IL.
    What is the asking price?
    The asking price for this property is $95,000.
    Request Owner's contact information
    Clark Trl St Herrin, IL 62948
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Clark Trl St
    Herrin, IL 62948
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Clark Trl St Herrin, IL 62948
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    G. David Green
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!