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Property profile & analytics
OFF-MARKET
Commercial real estate

3213 Park Ave Herrin, IL 62948

10,200 SF
Property ID
US28-4469730
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 10,200 SF
APN 06-07-400-075 and 06-07-400-005
UPID US28-4469730
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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