2834 Park Ave Energy, IL 62933
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.