3213 Park Ave Herrin, IL 62948
This exceptional investment opportunity presents two vacant office buildings totaling 10,200 square feet of net rentable space situated on a 10,200 square foot lot in Herrin, Illinois. Priced at $900,000 ($88.24/sq ft), this property offers significant potential for redevelopment or immediate occupancy. The complex comprises two single-story buildings; the primary building offers 10,251 square feet, while the secondary building provides an additional 3,473 square feet. Ample parking is available with 120 spaces. The property boasts a highly desirable location near the airport, ensuring convenient access to a major transportation hub. With a daily traffic count of 14,100 vehicles, this site enjoys excellent visibility and accessibility. The property is zoned for commercial use and is handicap accessible. The current owner is a non-profit organization. This versatile property is ideal for a variety of uses, including contemporary office space, retail establishments, or a medical center. The property's APN is 06-07-400-075 and 06-07-400-005. The property is currently vacant, presenting a unique opportunity for a buyer to customize the space to their specific needs.
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.