3020-24 Park Ave Herrin, IL 62948

Property Details for 3020-24 Park Ave

Year built

2009

Lot size

2.27 lot acres

Property size

9,232 SF

Property type

Commercial real estate

Description

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.

Location Insight

City

Herrin

County

Williamson

State

Illinois

Longitude

-89.0234

Latitude

37.7553