Herrin Office Building For
401 Rushing Herrin, IL
For Sale
Contact for pricing
2,022 SF office building with drive-thru, near IL-13.
Property Size2,022 SF
Lot Size0.71 Acres
Price / SF$155.79
Days on Market540
Property Features for 401 Rushing
General Information
Standard status
Active
Size
2,022 SF
Lot size
0.71 Acres
Property subtype
OFFICE
Listing Agency:
Revel Commercial Real Estate
(314) 477-6885
Listed By:
Brian Kelley · License #MO 2004034792
(314) 477-6885
Source:
Moodyscre
Added: Feb 3, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Revel Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2,022 square foot office building is available for sale. The property, situated on 0.16 acres, presents an owner/user opportunity. It was formerly configured as a pharmacy and includes a drive-thru window. The building features an open retail area, private offices, and multiple storage areas. A digital monument sign is included. The property is located near IL-13, a major thoroughfare, and is minutes from Target, Wal Mart, and The Home Depot.
Key Highlights
- High‑visibility location near IL‑13 and major retailers like Target, Wal Mart, and The Home Depot.
- Owner/user opportunity for immediate occupancy.
- Existing drive‑thru window, ideal for various business types.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.4k | $18.00 |
| − Vacancy | −$6.6k | −$3.24 |
| EGI | $29.8k | $14.76 |
| − OpEx | −$7.5k | −$3.69 |
| NOI | $22.4k | $11.07 |
2,022 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$319.8K
$279.8K – $373.1K
NOI $22,384 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.3K
$373.0K – $497.3K
NOI $29,839 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 2,022 SF office building with drive-thru, near IL-13.
Where is this office building located?
The property is located at 401 Rushing Herrin, IL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: High‑visibility location near IL‑13 and major retailers like Target, Wal Mart, and The Home Depot.; Owner/user opportunity for immediate occupancy.; Existing drive‑thru window, ideal for various business types.
