2705 Park Ave, Herrin, IL 62948-3726
This exceptional 1.49-acre commercial land parcel presents a prime investment opportunity in Herrin, Illinois. Located at 2705 South Park Avenue, this property boasts a highly visible frontage along Illinois Route 148, a primary business corridor with an average daily traffic count of 13,700 vehicles. The site benefits from its strategic location within a Tax Increment Financing (TIF) district, offering potential economic advantages. Situated just 1.5 miles north of Illinois Route 13, this property enjoys excellent accessibility and exposure to a significant volume of traffic. The land is zoned for commercial use, allowing for a wide range of development possibilities. All essential utilities are conveniently located on-site, simplifying development plans and reducing upfront costs. The property's location within a rapidly growing commercial area, surrounded by a diverse mix of businesses including offices and fast-food establishments, further enhances its appeal. The asking price is $421,879, translating to $283,140 per acre. The property's APN is 06-06-256-001 & 002. This is an exceptional opportunity to acquire a well-situated commercial lot in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.