Entity Owned Property summary
The property offering consists of two adjacent parcels at 211 and 215 S Park Avenue in Herrin, Illinois, sold together for redevelopment. At 211 S Park Avenue, there is a large two-story brick building that has been essentially gutted, leaving the structure in a substantially unfinished condition. At 215 S Park Avenue, there is an older residential structure that requires a new roof and additional repairs. The combined site is positioned with frontage on S Park Avenue, across the street from the post office and next to a medical office, and it is located in close proximity to the hospital. An additional property to the north is also available, which may provide an opportunity to expand the overall redevelopment footprint.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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