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    409 South Illinois Ave Harrisburg, AR 72432

    For Sale
    Contact for pricing

    Medical facility with attractive lease structure near retail corridor.

    Lot size:
    0.24 Acres

    Property Features for 409 South Illinois Ave

    General Information

    Lot size
    0.24 Acres

    Source: John Andreini Agent John Andreini

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

    Overview

    Medical Facility Near Harrisburg High

    The subject property is strategically positioned adjacent to Harrisburg High School and near the main retail corridor. The unit includes beds, bathrooms, laundry, and backup generators, and is HIPPA compliant. The company holds an exclusive ambulance contract for the county. Under the NN lease, the tenant is responsible for operating expenses including CAMs, taxes, insurance, utilities, and routine repairs. The landlord's responsibility is limited to structural integrity (roof and structure) and HVAC replacement at failure. The property features 2% annual rent increases beginning January 1, 2029, continuing through the remainder of the lease term. Medic One has a portfolio of over 15 active stations across Arkansas and Missouri.
    Location Intelligence

    Current Use by Public Records

    Medical centers

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Poinsett
    State
    Arkansas
    Longitude
    -90.7155
    Latitude
    35.5766

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    FAQs

    What type of property is this?
    Medical center - Medical facility with attractive lease structure near retail corridor.
    Where is this medical center located?
    The property is located at 409 South Illinois Ave Harrisburg, AR.
    What are key features of this property?
    This property features: - Mission critical facility with exclusive ambulance contract for the county.; - Attractive NN lease structure, tenant responsible for most operating expenses.; - 2% annual rent increases starting January 1, 2029.
    (415) 274-2715
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    409 South Illinois Ave Harrisburg, AR 72432
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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
    409 South Illinois Ave Harrisburg, AR 72432
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