Property profile

18 Broadway St Herrick, IL 62431

OFF-MARKET
Retail properties & Spaces
2,026 SF Built 1900
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Property summary

AI-generated overview

This exceptional 2,026-square-foot retail property, located at 18 Broadway St in Herrick, Illinois, presents a unique investment opportunity. Built in 1900 and extensively renovated in 2019, this single-tenant building boasts 1,600 square feet of vacant space ready for immediate occupancy. The property sits on a nearly one-acre lot (0.91 acres), offering ample space for various uses. Previous tenants have utilized the land for heavy equipment storage. Inside, the building features a 20x20 office and a renovated 20x60 garage. Plumbing is in place for two separate bathrooms. The structure has been updated with OSB sheathing inside and out, insulated windows, metal siding, and a new roof. Commercial electric and water lines are already installed, and the building is wired for a furnace. The property has a 200-amp electrical service. With incredibly low annual property taxes of $330, this property offers significant cost savings. This historic building, once a train station, is ready for a new chapter. Its prime location in Herrick, Illinois, and its versatile layout make it ideal for a variety of businesses. The Shelby County location (APN: 0723-16-18-307-023) offers easy access to local amenities and transportation. Don't miss this chance to own a piece of history and establish your business in a thriving community.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1900
Total area 2,026 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

18 Broadway St Herrick, IL 62431
Herrick metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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