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    OFF-MARKET
    Retail properties & Spaces

    521 Park Ave, Herrin, IL 62948

    Built 1924
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Year built 1924
    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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