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Property profile & analytics

1501 Park Ave Herrin, IL 62948

  • Commercial real estate
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-4194248
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1501 Park Ave

Property type
Commercial real estate
APN
02-30-460-001
APU
230460001

Description

This exceptional commercial property, located at 1501 S Park Avenue in Herrin, Illinois, presents a compelling investment opportunity. Priced at $245,000, the property is classified as general commercial and offers significant potential for a variety of uses. While the square footage is not currently specified, the property sits on a zero-acre lot, suggesting a compact and potentially easily managed footprint. Its location in Herrin provides access to a local market and existing infrastructure. The property's versatility makes it suitable for a range of businesses, from retail to office space, or potentially even a mixed-use development, subject to local zoning regulations. Further due diligence is recommended to determine the precise zoning and permitted uses. Interested parties are encouraged to conduct their own independent investigation into the property's suitability for their intended purpose. This includes, but is not limited to, verifying the square footage, confirming zoning compliance, and assessing the property's condition through a thorough inspection. The absence of specified square footage underscores the need for a comprehensive site visit and assessment before making an offer. This property represents a chance to acquire a strategically located commercial asset in a growing community. Serious inquiries are welcome. All information provided is believed to be accurate but should be independently verified.


Value Estimations

based on Realmo’s proprietary methodology
  • 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
-89.0285
Latitude
37.7892
CBSA code
16060
CBSA name
CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$34,764
$91,700
$295,740
$387,440
-
$275,100
$887,220
$1,162,320
More about this property
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