Corner Auto Shop with
804 N PARK Avenue Herrin, IL 62948
804 N PARK Avenue, Herrin, IL, 62948
Contact for pricing
For Sale
Contact for pricing
Two-building auto shop property with office space, corner lot access from two sides, and equipment included.
Property Size7,241 SF
Price / SF$68.78
Days on Market123
Property Features for 804 N PARK Avenue
General Information
- Standard status
- Active
- Size
- 7,241 SF
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 2017
Listing agency
Indigo Realty
Listed by
Alysa Bunting
Source
Crexi
Added: Mar 21 Updated: Jul 21 at 1:29PM Checked: Jul 21 at 1:29PM
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 Indigo Realty
Investment Insights
Based on property information with market context.
This former Nally’s Garage property offers a flexible two-building layout totaling over 7,241 square feet, with a customer-facing office area and shop space suitable for automotive work. The sale includes equipment, providing a turnkey foundation for an operator looking to begin work immediately.
Located on a corner lot with easy access from two sides, the property is positioned in front of daily traffic of 12,600, supporting strong visibility for a service-oriented business.
With both office and shop components in place across the two buildings, the site is designed for practical workflow and expansion within the existing structure.
Located on a corner lot with easy access from two sides, the property is positioned in front of daily traffic of 12,600, supporting strong visibility for a service-oriented business.
With both office and shop components in place across the two buildings, the site is designed for practical workflow and expansion within the existing structure.
Key Highlights
- 2017‑built, two‑building auto shop property with 7,241+ SF total commercial space at 804 N Park Ave, Herrin, IL
- Corner lot with easy access from two sides
- Includes an office area for customers to check vehicles in and out
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.2k | $7.90 |
| − Vacancy | −$4.9k | −$0.68 |
| EGI | $52.3k | $7.22 |
| − OpEx | −$15.7k | −$2.17 |
| NOI | $36.6k | $5.05 |
7,241 SF · lease $7.90/SF/yr · vacancy 8.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,158 @ 7.0% cap · market cap 16.10%
Second Best
Retail
$844.6K
$739.0K – $985.4K
NOI $59,121 @ 7.0% cap · market cap 11.87%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,856 @ 7.0% cap · market cap 21.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Chevrolet Body Shop — 609-621 N Park Ave, Herrin, IL 62948
- BENDERS GARAGE LLC — 321 N 16th St, Herrin, IL 62948
- J R Rebuilders — 1320 W Cherry St, Herrin, IL 62948
- Nalley's Garage — 800 N Park Ave, Herrin, IL 62948
- Immortal Sounds,LLC — 209 S 19th St, Herrin, IL 62948
FAQs
What type of property is this?
Auto shop - Two-building auto shop property with office space, corner lot access from two sides, and equipment included.
Where is this auto shop located?
The property is located at 804 N PARK Avenue Herrin, IL.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: 2017‑built, two‑building auto shop property with 7,241+ SF total commercial space at 804 N Park Ave, Herrin, IL; Corner lot with easy access from two sides; Includes an office area for customers to check vehicles in and out
