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Property profile & analytics
OFF-MARKET
Commercial real estate

2709 Park Ave Herrin, IL 62948

2.97 ac lot
Property ID
US28-3725261
Property summary
AI-generated overview

This exceptional 2.97-acre commercial land parcel presents a unique investment opportunity in Herrin, Illinois. Located at 2709 S Park Ave, this property boasts a highly desirable location along IL Route 148, a primary business corridor with a significant average daily traffic count of 13,700 vehicles. The site benefits from its position within a Tax Increment Financing (TIF) District, offering potential economic advantages. The property is situated in a thriving commercial area, surrounded by a diverse mix of businesses, including offices and fast-food establishments, indicating a strong and growing local economy. All essential utilities are readily available on-site, simplifying development and operational costs. The parcel is zoned for business use, providing flexibility for a wide range of commercial ventures. With a total asking price of $385,000, this translates to an attractive price per acre of $129,630. The property's APN is 06-06-400-002. This prime location and advantageous zoning make this a compelling opportunity for developers and investors seeking a strategic foothold in a dynamic commercial market. Don't miss this chance to acquire a significant piece of Herrin's commercial landscape.

Property profile
Verified
Property type Commercial real estate
Lot 2.97 ac (129,373 SF)
APN 06-06-400-002
UPID US28-3725261
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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