2709 Park Ave Herrin, IL 62948
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.