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3209 Park Ave Herrin, IL 62948

OFF-MARKET Commercial real estate Google Maps
13,724 SF 1.79 ac lot Built 1973
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional commercial property in Herrin, Illinois, presents a unique investment opportunity. Situated on a 1.79-acre lot at 3209 S Park Avenue, this property boasts two buildings totaling 13,724 square feet and offers significant potential for diverse uses. The main building, exceeding 10,000 square feet, is ideally suited for educational or medical purposes. Its layout includes nine offices, three lab rooms, a large classroom, a staff room, a conference room, a small library, and separate restrooms for men and women. The second building, constructed in 2008, previously served as a veterinary technician training facility. This building comprises two offices, an operating room, a large classroom, an imaging room, and three bathrooms. Both buildings benefit from recently serviced HVAC systems. The property's strategic location on Route 148, near Herrin's Logan Park, a prominent medical center, ensures high visibility and accessibility. Ample parking is available for over 100 vehicles. This well-maintained property is perfect for continued educational use, conversion into a medical office or long-term care pharmacy, or adaptation for various professional or commercial applications. The dual-building configuration also presents an excellent opportunity for leasing income. Priced at $900,000, this property offers a rare chance to acquire a highly adaptable asset in a prime location.

Property profile

Verified
Property type Commercial real estate
Year built 1973
Total area 13,724 SF
Lot 1.79 ac (77,972 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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