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201 Park Ave Herrin, IL 62948-3149

OFF-MARKET Commercial real estate Google Maps
Entity Owned Free & Clear
Estimated value (blended)
$65k
Range $59k – $72k (±10%)
Property ID US28-3666084

Property summary

AI-generated overview

This exceptional commercial property, located at 201 S PARK Avenue in Herrin, Illinois, presents a unique investment opportunity. The property, built in 1988, sits on a highly visible downtown corner lot boasting a sizable 2.3-acre footprint. The versatile space is classified as commercial, warehouse, and flex space, offering significant adaptability for a variety of business uses. The single building on the site provides ample room for operations, storage, or a combination thereof. Its prime location in the heart of Herrin, within Williamson County, ensures excellent visibility and accessibility for customers and employees alike. The 62948 zip code offers convenient access to local amenities and transportation routes. This property is ideal for entrepreneurs seeking a well-positioned space to establish or expand their business. The asking price of $159,000 makes this a compelling investment opportunity in a thriving Illinois community. The property's versatility, combined with its prominent location, makes it an attractive prospect for a wide range of commercial ventures. Serious inquiries are encouraged to explore the full potential of this exceptional property. Further details are available upon request.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 02-19-460-008
UPID US28-3666084

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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