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    504 Edward St Henry, IL 61537

    Sponsored
    For Sale
    $129,900

    Spacious Retail/Land, High Potential

    Property size:
    4,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial property in Henry, Illinois, presents a compelling investment opportunity. Located at 504 Edward Street, this 4,400 square foot building sits on a sizable lot offering ample parking, perfect for expansion or additional uses. The building boasts a large storefront and expansive shop areas, ideal for a variety of commercial ventures. A newer overhead door enhances accessibility, while a metal roof and updated gutters ensure long-term durability. The property includes 3-phase electrical service, a significant advantage for many businesses. The interior layout allows for the potential addition of two bathrooms, enhancing functionality. The expansive parking lot accommodates numerous vehicles, providing ample space for customers and employees. Furthermore, the property includes a 30-foot easement for neighboring building access, ensuring convenient loading, unloading, and parking for all involved. Priced at $129,900, this property offers significant potential for various uses, including an auto shop, storage units, or a new commercial enterprise. Don't miss this chance to acquire a versatile and well-located commercial space in a thriving Illinois community. The property is zoned for commercial use and is ready for immediate occupancy.

    Property Features for 504 Edward St

    General Information

    Property type
    Land
    Square Feet
    4,400 SF

    HighLights

    • 4,400 SF commercial building on a large lot in Henry, IL, at 504 Edward Street.
    • Ample parking with potential for expansion.
    • Large storefront and shop areas, ideal for various commercial uses.
    • Features a newer overhead door, metal roof, and updated gutters.
    • Includes 3‑phase electrical service.
    • Potential for adding two bathrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Henry
    County
    Marshall
    State
    Illinois
    Longitude
    -89.355927
    Latitude
    41.1120346

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Spacious Retail/Land, High Potential
    Where is this land located?
    The property is located at 504 Edward St Henry, IL.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: 4,400 SF commercial building on a large lot in Henry, IL, at 504 Edward Street.; Ample parking with potential for expansion.; Large storefront and shop areas, ideal for various commercial uses.
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    504 Edward St Henry, IL 61537
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    Henry, IL 61537
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    504 Edward St Henry, IL 61537
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