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Hospital-Adjacent Parking Lot
For Sale
$450,000

501 Mulberry Street, Effingham, IL 62401

Parking asset across from St. Anthony Hospital includes two additional lots to the west.

Property SizeContact for details
Days on Market15

Property Features for 501 Mulberry Street

General Information

Standard status Active
Property subtype Land

Taxes and HOA fees

Annual Taxes $5,264
Listing Agency: RE/MAX Key Advantage
Listed By: Chris Etter
Source: Exprealty
Added: Aug 21 Changed: Sep 3 Last Checked: Sep 3 at 2:29AM

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 RE/MAX Key Advantage

Investment Insights

Based on property information with market context.

This offering comprises a .9-acre parking lot together with two separate .15-acre lots positioned west of the main parking area. The property is directly across from St. Anthony Hospital, providing an established parking location in relation to the hospital campus.

The parking lot is currently leased to St. Anthony Hospital. The seller will provide the hospital with 90 days’ notice of sale to terminate the lease. The additional lots expand the overall land included with the parking asset.

Key Highlights

  • .9‑acre parking lot across from St. Anthony Hospital
  • Two additional .15‑acre lots located west of the parking lot
  • Parking lot is currently leased to St. Anthony Hospital

Property Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Bakery (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service

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

Location Intelligence

Trade Area within ½ mile

941
Businesses Nearby
Balanced
Demand for This Use

Demographics for 62401, IL

19,408
Population
8,688
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
103.9 sq mi
ZIP Area
187
Density / Sq Mi
$76,098
Median Household Income
$43,051
Median Earnings
$722
Median Rent
$195,800
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Parking lot & garage - Parking asset across from St. Anthony Hospital includes two additional lots to the west.
Where is this parking lot & garage located?
The property is located at 501 Mulberry Street Effingham, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: .9‑acre parking lot across from St. Anthony Hospital; Two additional .15‑acre lots located west of the parking lot; Parking lot is currently leased to St. Anthony Hospital
More about this property
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