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116 Park Ave Herrin, IL 62948

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For Sale
$1,600,000

Three Businesses + Apartments, Prime Location

Property size:
6,600 SF

Property Features for 116 Park Ave

General Information

Property type
Other commercial real estate
Square Feet
6,600 SF

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Listing Contact
Tamara Walker

Listing Agency: Keller Williams Pinnacle Mboro Listing Agent: Tamara Walker

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

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Property Insight Report

Overview

This exceptional commercial property in Herrin, IL, presents a lucrative investment opportunity. Located on a corner lot with high visibility from Route 148, the 6,600 square foot building houses three thriving businesses, each with its own private entrance. These established businesses occupy updated spaces designed for optimal functionality and customer experience. One unit features a convenient drive-thru, enhancing customer appeal and foot traffic. The property also includes four residential apartments: three charming two-bedroom, one-bathroom units, each with in-unit laundry, and a spacious, modern two-bedroom, one-bathroom apartment, also with in-unit laundry. All apartments are currently occupied, generating consistent rental income. A large dry basement provides ample storage space for commercial tenants or additional uses. This property offers a unique blend of commercial and residential income streams, making it an attractive and potentially high-return investment. The asking price is $1,600,000. This is a rare opportunity to acquire a well-established, multi-faceted property in a desirable location. The property is commercially zoned and offers significant potential for future growth and expansion.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Herrin
County
Williamson
State
Illinois
Longitude
-89.02733
Latitude
37.80408

FAQs

What type of property is this?
Commercial real estate - Three Businesses + Apartments, Prime Location
Where is this commercial real estate located?
The property is located at 116 Park Ave Herrin, IL.
What is the asking price?
The asking price for this property is $1,600,000.
More about this property
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