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    409 S Illinois St Harrisburg, AR 72432

    For Sale
    $288,000

    Medical facility with custom build-out and attractive lease structure.

    Property size:
    1,800 SF
    Lot size:
    0.16 Acres

    Property Features for 409 S Illinois St

    General Information

    Size
    1,800 SF
    Lot size
    0.16 Acres

    Source: CP Partners Agent John Andreini

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

    Overview

    Established Medical Facility For Sale

    This 1,800 square foot property is a mission-critical facility currently operating as a medical space. The unit includes beds, bathrooms, laundry, and backup generators, and is HIPPA compliant. The property benefits from an attractive lease structure where 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 current tenant holds an exclusive ambulance contract for the county and has a portfolio of over 15 active stations across Arkansas and Missouri, demonstrating stability and a strong commitment to the markets it serves. The property is located at 409 S Illinois St, Harrisburg, AR.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Poinsett
    State
    Arkansas
    Longitude
    -90.724574
    Latitude
    35.560377

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail space - Medical facility with custom build-out and attractive lease structure.
    Where is this retail space located?
    The property is located at 409 S Illinois St Harrisburg, AR.
    What is the asking price?
    The asking price for this property is $288,000.
    What are key features of this property?
    This property features: - Mission critical facility with exclusive ambulance contract.; - Attractive NN lease structure with tenant responsibility for most operating expenses.; - Custom facility equipped with beds, bathrooms, laundry, backup generators, and HIPPA compliance.
    (415) 274-2715
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    409 S Illinois St Harrisburg, AR 72432
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    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 S Illinois St Harrisburg, AR 72432
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