Property profile

206 Rushing Dr Herrin, IL 62948

OFF-MARKET
Commercial real estate
22,000 SF 2.85 ac lot Built 1985
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Property summary

AI-generated overview

This exceptional commercial investment opportunity encompasses three buildings totaling 22,000 square feet situated on a prime 2.85-acre lot at the highly visible corner of Route 13 West and Route 148 in Herrin, Illinois. The property's strategic location ensures excellent visibility and accessibility for businesses. The buildings offer diverse possibilities for a variety of uses. One building, previously a daycare center, features a layout well-suited for conversion back to a daycare, potentially benefiting from existing features such as a commercial kitchen and ample space for playground equipment. Another building's past use as a health club suggests adaptability for fitness-related businesses or other ventures requiring office and recreation areas. Currently, a medical supply company leases the third building, providing a stable income stream. The individual addresses of the three buildings are 200, 204, and 206 Rushing Drive, offering flexibility for separate leasing or unified operation. This property presents a unique chance to acquire a substantial commercial portfolio in a desirable location with significant potential for growth and diverse income streams. The asking price is $1,500,000.

Property profile

Verified
Property type Commercial real estate
Year built 1985
Total area 22,000 SF
Lot 2.85 ac (124,146 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
  • Training Center
  • Daycare Center

Location

206 Rushing Dr 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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