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Renovated Garage Flex Space
For Sale
$52,000

18 Broadway Street, Herrick, IL 62431

Commercial utilities serve a property with dedicated office area, renovated garage space, and outdoor storage capability.

Property Size1,600 SF
Price / SF$32.50
Days on Market345

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: Exit2newbeginningz
Added: Sep 12, 2025 Changed: Aug 22 Last Checked: Aug 22 at 2:44AM

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

Investment Insights

Based on property information with market context.

Constructed in 1900, the flex-space building measures 20 x 80 and combines an all-new 20x20 office with a renovated 20x60 garage. Plumbing is arranged for two separate bathrooms. Interior and exterior OSB wrapping, insulated windows, metal siding, and a metal roof define the building’s current improvements. The structure is also wired for a furnace.

The almost 1-acre grounds have previously accommodated heavy-equipment storage, while commercial electric service and a water line are already in place. Located at 18 Broadway Street in Herrick, Illinois, the property brings together enclosed workspace, office area, and outdoor storage capacity.

Key Highlights

  • 20 x 80 flex‑space building constructed in 1900
  • All‑new 20x20 office space paired with a renovated 20x60 garage
  • Plumbed 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
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Commercial utilities serve a property with dedicated office area, renovated garage space, and outdoor storage capability.
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 x 80 flex‑space building constructed in 1900; All‑new 20x20 office space paired with a renovated 20x60 garage; Plumbed for two separate bathrooms
More about this property
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