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Mixed-Use Building with Apartments
For Sale
$499,000

110 W Cherry St, Herrin, IL 62948

Large mixed-use property offers rented upstairs apartments and multiple downstairs office/retail spaces.

Property SizeContact for details
Days on Market743

Property Features for 110 W Cherry St

General Information

Standard status Active

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $12,334

Building Details

Stories 2
Tenancy Multi
Listing Agency: PROPERTY WITH TLC, LLC
Listed By: Teresa Camarato · License #471001948
Source: Exprealty
Added: Aug 8, 2024 Changed: Aug 20 Last Checked: Aug 20 at 10:15AM

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 PROPERTY WITH TLC, LLC

Investment Insights

Based on property information with market context.

This highly visible large mixed-use building includes upstairs residential units and downstairs commercial space designed to be leased. Upstairs are four luxury apartments, all currently rented. Downstairs consists of seven small office or retail locations, with some spaces currently vacant.

The property is addressed on W Cherry St and faces Park Avenue (RT 148). Parking includes street parking on one side and a city parking lot on the other, supporting day-to-day customer and tenant access.

The rent roll can be shared with qualified buyers, providing documentation of current income across the residential and existing commercial leasing.

Key Highlights

  • Large mixed‑use building with multiple areas that can be leased for commercial and residential use
  • Upstairs: 4 rented luxury apartments
  • Downstairs: 7 small office or retail spaces, with some currently vacant

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

568
Businesses Nearby

Demographics for 62948, IL

12,536
Population
6,177
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
627
Density / Sq Mi
$59,031
Median Household Income
$40,633
Median Earnings
$1,010
Median Rent
$112,400
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Large mixed-use property offers rented upstairs apartments and multiple downstairs office/retail spaces.
Where is this mixed-use property located?
The property is located at 110 W Cherry St Herrin, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Large mixed‑use building with multiple areas that can be leased for commercial and residential use; Upstairs: 4 rented luxury apartments; Downstairs: 7 small office or retail spaces, with some currently vacant
More about this property
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