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    OFF-MARKET
    Commercial real estate

    206 Rushing Dr, Herrin, IL 62948

    22,000 SF 2.85 ac lot Built 1985
    Property ID
    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
    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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