Property summary
This exceptional 9,232 square foot commercial building, situated on a 2.27-acre lot at 3020-24 S Park Avenue in Herrin, Illinois, presents a compelling investment opportunity. Currently leased to reputable tenants under secure agreements, this property guarantees a consistent stream of rental income, minimizing the need for significant maintenance expenditures. The building is meticulously maintained, reducing operational costs and maximizing return on investment. Its strategic location within a high-demand area ensures strong tenant occupancy and potential for future rental rate increases. This property offers a rare blend of stability and growth potential, making it an ideal addition to any commercial real estate portfolio. The substantial size of the building and the generous lot size provide ample space for potential expansion or future development, further enhancing its long-term value. The existing lease agreements provide immediate cash flow, while the prime location and building condition position this asset for continued appreciation. This is a turnkey investment opportunity for those seeking a reliable and profitable addition to their holdings. The property's strong fundamentals and consistent income stream make it an attractive option for investors seeking passive income and capital appreciation in the commercial real estate market. The asking price is $1,100,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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