Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    221 Park Ave, Herrin, IL 62948

    10,000 SF
    Property ID
    US28-4277644
    Property summary
    AI-generated overview

    This exceptional 10,000 square foot, two-story commercial building presents a remarkable investment opportunity in the heart of Herrin, Illinois. Situated on a corner lot along a major downtown thoroughfare at 221 N Park Avenue, this property boasts significant income-generating potential. The main floor is currently divided into two separate retail/office spaces, generating an approximate annual income of $20,000. This established rental stream provides immediate return on investment. The expansive second floor offers versatile space ideal for a variety of uses. Imagine hosting banquets or meetings in the large open area, or converting a portion into additional office space or even residential accommodations. The possibilities are numerous, allowing for creative adaptation to meet evolving market demands. The building's prime location in the bustling downtown area ensures high visibility and accessibility, attracting a steady stream of potential customers and tenants. This property is a rare find, combining established income with significant upside potential for future growth and expansion. Don't miss this chance to acquire a valuable asset in a thriving community. The asking price is $250,000.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 10,000 SF
    UPID US28-4277644
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 221 Park Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message