Property profile

2705 S Park Ave Herrin, IL 62948

FOR SALE
Commercial land
Property ID
US28-3621702
30.27 ac lot
Entity Owned Free & Clear
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2705 S Park Ave, Herrin, IL 62948
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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

Location

2705 S Park Ave Herrin, IL 62948
Herrin metro Census 20300 CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

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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More about this property
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