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Property profile & analytics
OFF-MARKET
Commercial real estate

3209 Park Ave Herrin, IL 62948

13,724 SF 1.79 ac lot Built 1973
Property ID
Property summary
AI-generated overview

This exceptional commercial property in Herrin, Illinois, presents a unique investment opportunity. Situated on a 1.79-acre lot at 3209 S Park Avenue, this property boasts two buildings totaling 13,724 square feet and offers significant potential for diverse uses. The main building, exceeding 10,000 square feet, is ideally suited for educational or medical purposes. Its layout includes nine offices, three lab rooms, a large classroom, a staff room, a conference room, a small library, and separate restrooms for men and women. The second building, constructed in 2008, previously served as a veterinary technician training facility. This building comprises two offices, an operating room, a large classroom, an imaging room, and three bathrooms. Both buildings benefit from recently serviced HVAC systems. The property's strategic location on Route 148, near Herrin's Logan Park, a prominent medical center, ensures high visibility and accessibility. Ample parking is available for over 100 vehicles. This well-maintained property is perfect for continued educational use, conversion into a medical office or long-term care pharmacy, or adaptation for various professional or commercial applications. The dual-building configuration also presents an excellent opportunity for leasing income. Priced at $900,000, this property offers a rare chance to acquire a highly adaptable asset in a prime location.

Property profile
Verified
Property type Commercial real estate
Year built 1973
Total area 13,724 SF
Lot 1.79 ac (77,972 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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