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Property profile & analytics
OFF-MARKET
Mixed-use properties

2834 Park Ave Energy, IL 62933

24.4 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 24.4-acre commercial land parcel, located at 2834-2836 South Park Ave in Herrin, Illinois (zip code 62933), presents a significant development opportunity. The property boasts 726 feet of frontage and 1276 feet of depth, situated along the primary business corridor of IL Route 148/Park Ave, experiencing a high daily traffic count of 14,500 vehicles. Its strategic location is approximately half a mile north of IL Route 13, a major east-west thoroughfare serving the region. This versatile site is zoned CG and is suitable for a wide array of commercial and mixed-use projects. Benefiting from its location within a Tax Increment Financing (TIF) district, Enterprise Zone, and Business Development District, this property offers substantial economic incentives. All essential utilities are readily available at the property line. The land is divisible, offering flexibility for various development scenarios. The asking price is $2,456,784, with a price per square foot ranging from $1.00 to $5.00, depending on the specific parcel size and location. The property's APN is 06-06-400-016, 027. Proximity to the Veterans Airport of Southern Illinois further enhances its appeal.

Property profile
Verified
Property type Mixed-use properties
Lot 24.4 ac (1,062,864 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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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