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Flex Space with Office and Garage
For Sale
$52,000

18 Broadway Street, Herrick, IL 62431

The property combines dedicated office and garage areas with nearly an acre of surrounding ground.

Property Size1,600 SF
Price / SF$32.50
Days on Market408

Property Features for 18 Broadway Street

General Information

Standard status Active
Size 1,600 SF
Property subtype Commercial

Site & Location

Outdoor Storage Yes
Utilities to Site Yes

Additional Details

Office Build-Out 400 SF

Taxes and HOA fees

Annual Taxes $713

Building Details

Year Built 1900
Buildings 1
Stories 1
Units 1
Building Size 1,600 SF
Listing Agency: RYAN DALLAS REAL ESTATE
Listed By: Ryan Dallas · License #475143433
Source: Fishmangroup
Added: Sep 12, 2025 Changed: Oct 23 Last Checked: Oct 23 at 3:25PM

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 RYAN DALLAS REAL ESTATE

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This flex property at 18 Broadway Street in Herrick includes a 20-by-80-foot building with a 20-by-20-foot office area and a renovated 20-by-60-foot garage. The building has plumbing for two separate bathrooms, insulated windows, metal siding and roofing, and OSB sheathing on the interior and exterior. Commercial electric service and a water line are in place, and the property is wired for a furnace. The building formerly served as a train station.

The surrounding ground measures nearly one acre and has previously been rented for heavy equipment storage. The office and garage areas offer distinct spaces within the existing building configuration.

Key Highlights

  • 20‑by‑80‑foot building with a 20‑by‑20‑foot office area and a 20‑by‑60‑foot renovated garage
  • Nearly one acre of ground, previously rented for heavy equipment storage
  • Plumbing for two separate bathrooms

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Cafe & Coffee Shop Hair Salon Nail Salon 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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

34
Businesses Nearby
Well-served
Demand for This Use

Demographics for 62431, IL

1,043
Population
461
Households
2.3
Avg Household Size
43
Median Age
8%
College-Educated
89%
High-School Grad
55.1 sq mi
ZIP Area
19
Density / Sq Mi
$71,000
Median Household Income
$41,691
Median Earnings
$625
Median Rent
$109,500
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - The property combines dedicated office and garage areas with nearly an acre of surrounding ground.
Where is this flex space located?
The property is located at 18 Broadway Street Herrick, IL.
What is the asking price?
The asking price for this property is $52,000.
What are key features of this property?
This property features: 20‑by‑80‑foot building with a 20‑by‑20‑foot office area and a 20‑by‑60‑foot renovated garage; Nearly one acre of ground, previously rented for heavy equipment storage; Plumbing for two separate bathrooms
More about this property
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