Property profile

521 Park Ave Herrin, IL 62948

OFF-MARKET
Retail properties & Spaces
Built 1924
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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

Current use

Occupant on record · Public records
  • Computer & Electronic Repair
  • Interior Design Home Decor Store

Location

521 Park Ave Herrin, IL 62948
Herrin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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