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    521 Park Ave Herrin, IL 62948

    Sponsored
    For Sale
    $425,000

    Historic Downtown Herrin Mixed-Use Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This stunning, highly visible two-story brick building in Herrin, Illinois, presents a unique investment opportunity. Located on S Park Avenue, with nearly 16,000 vehicles passing daily, this almost 3,000 square foot property boasts a prime location ideal for a variety of commercial uses. The flexible floor plan allows for a seamless blend of professional office space, retail, or salon, offering exceptional versatility. Built in 1924, the property features three buildings and includes a full finished basement providing additional space for a second kitchen, bathroom, utility area, gym, and ample storage. The property's charm is further enhanced by gorgeous outdoor patios and lush landscaping. The adjacent private parking lot adds significant convenience. This meticulously maintained property offers a rare combination of historic character, modern functionality, and a high-traffic location, making it an exceptional investment opportunity in the heart of Herrin. The property is zoned for commercial use and offers significant potential for a variety of businesses. The high visibility and convenient location make it an attractive option for entrepreneurs seeking a blend of workspace and residential living.

    Property Features for 521 Park Ave

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1924
    Buildings
    3

    HighLights

    • $425,000 asking price.
    • Three‑building commercial property in Herrin, IL.
    • 1924 construction.
    • Approximately 3,000 square feet suitable for office, retail, or salon use.
    • High‑traffic location with almost 16,000 vehicles passing daily and private parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Herrin
    County
    Williamson
    State
    Illinois
    Longitude
    -89.0280515
    Latitude
    37.7980152

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    FAQs

    What type of property is this?
    Retail property - Historic Downtown Herrin Mixed-Use Building
    Where is this retail property located?
    The property is located at 521 Park Ave Herrin, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price.; Three-building commercial property in Herrin, IL.; 1924 construction.
    Request Owner's contact information
    521 Park Ave Herrin, IL 62948
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    Herrin, IL 62948
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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
    521 Park Ave Herrin, IL 62948
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