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    504 Edward St Henry, IL 61537

    Sponsored
    For Sale
    $119,900

    Spacious building, great potential, priced to sell.

    Property size:
    4,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This expansive 4,400 square foot commercial building located at 504 Edward Street in Henry, Illinois presents a remarkable opportunity for a variety of businesses. The property boasts a large storefront and substantial shop areas, ideal for retail or industrial uses. A newer overhead door facilitates easy access for loading and unloading. The building is equipped for the potential installation of two bathrooms, adding to its versatility. The metal roof and updated gutters ensure low maintenance and long-term durability. A significant advantage is the expansive parking lot, providing ample space for customers and employees, or offering the possibility of future building expansion. Three-phase electrical service is already in place. The property's size and features make it well-suited for an auto repair shop, a commercial enterprise, or even the development of storage units. The diverse possibilities are complemented by its competitive asking price. Note that a 30-foot easement exists for the adjacent property's use for loading, unloading, and parking. This versatile commercial space is ready for its next chapter and offers significant potential for growth and profitability. Don't miss this chance to acquire a prime commercial property in a thriving location.

    Property Features for 504 Edward St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,400 SF

    Building Details

    Year Built
    1955
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Henry
    County
    Marshall
    State
    Illinois
    Longitude
    -89.35622
    Latitude
    41.1124

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious building, great potential, priced to sell.
    Where is this commercial real estate located?
    The property is located at 504 Edward St Henry, IL.
    What is the asking price?
    The asking price for this property is $119,900.
    (815) 223-1088
    Request Owner's contact information
    504 Edward St Henry, IL 61537
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    Henry, IL 61537
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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
    504 Edward St Henry, IL 61537
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