Property profile

200 Park Ave Herrin, IL 62948

OFF-MARKET
Commercial real estate
24,000 SF Built 1910
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Property summary

AI-generated overview

This stunning 24,000 square foot commercial property, located at 200 N Park Avenue in Herrin, Illinois, presents a unique investment opportunity. Built in 1909, this historic landmark, formerly the Baldwin Piano & Organ Company, boasts a prime downtown location with high foot traffic and a vibrant community. The main floor offers 12,000 square feet of open retail space, perfect for a variety of commercial uses. Large storefront windows, high ceilings, and original architectural details create a captivating atmosphere. Upstairs, 3,800 square feet of additional commercial space is ideal for offices or studios. Adding to the property's income potential are five spacious apartments, each blending historical charm with modern amenities. This multi-faceted property offers a blend of retail, office, and residential income streams, making it an exceptional investment in a thriving downtown area. The building's rich history and versatile layout provide a strong foundation for future success. This is a chance to own a piece of Herrin's heritage and secure a profitable investment. Priced at $1,400,000.

Property profile

Verified
Property type Commercial real estate
Year built 1910
Total area 24,000 SF

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
  • (Bike/Boat/Book/etc) Store
  • Post Office Logistics Service

Location

200 Park Ave Herrin, IL 62948
Herrin metro
Google Maps

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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