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    Property profile & analytics
    OFF-MARKET
    Commercial land

    2705 Park Ave, Herrin, IL 62948-3726

    30.27 ac lot
    Entity Owned Free & Clear
    Property ID
    US28-3621702
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 30.27 ac (1,318,561 SF)
    APN 06-06-100-011
    UPID US28-3621702
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    PINE LAKES, INC
    PINE LAKES, INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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