116 Park Ave Herrin, IL 62948
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 116 Park Ave
- Property type
- Commercial real estate
- APN
- 02-19-462-002
- APU
- 219462002
Description
This exceptional commercial property in Herrin, IL, presents a lucrative investment opportunity. Located on a corner lot with high visibility from Route 148, the 6,600 square foot building houses three thriving businesses, each with its own private entrance. These established businesses occupy updated spaces designed for optimal functionality and customer experience. One unit features a convenient drive-thru, enhancing customer appeal and foot traffic. The property also includes four residential apartments: three charming two-bedroom, one-bathroom units, each with in-unit laundry, and a spacious, modern two-bedroom, one-bathroom apartment, also with in-unit laundry. All apartments are currently occupied, generating consistent rental income. A large dry basement provides ample storage space for commercial tenants or additional uses. This property offers a unique blend of commercial and residential income streams, making it an attractive and potentially high-return investment. The asking price is $1,600,000. This is a rare opportunity to acquire a well-established, multi-faceted property in a desirable location. The property is commercially zoned and offers significant potential for future growth and expansion.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Herrin
- County
- Williamson
- State
- Illinois
- Longitude
- -89.0272
- Latitude
- 37.8041
- CBSA code
- 16060
- CBSA name
- CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA
