1520 14Th St Herrin, IL 62948
This versatile Herrin, Illinois property, located at 1520 S 14TH Street, presents a unique investment opportunity. Listed at $152,000, this 0.15-acre lot features a single building constructed in 1980. Originally an insurance office, the building offers significant potential for conversion into residential space. The existing layout includes a spacious lobby area, private offices, a full kitchen, and a bathroom, making it suitable for a variety of commercial or residential uses. Ample parking is available, and the corner lot location ensures excellent visibility. The property boasts a recently updated furnace and a substantial storage area. The building's well-maintained condition and flexible layout make it an attractive option for entrepreneurs seeking a commercial space or individuals looking for a unique residential conversion project. The property is situated in Williamson County, Illinois, with a zip code of 62948. Its convenient location and adaptable design offer a compelling investment opportunity with significant upside potential. This is a rare chance to acquire a property with both commercial and residential possibilities in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.