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Property profile & analytics
OFF-MARKET
Commercial land

504 Edward St Henry, IL 61537-1218

0.29 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US28-4296388
Property summary
AI-generated overview

This expansive 4,400 square foot commercial building located at 504 Edward Street in Henry, Illinois presents a remarkable opportunity for a variety of businesses. The property boasts a large storefront and substantial shop areas, ideal for retail or industrial uses. A newer overhead door facilitates easy access for loading and unloading. The building is equipped for the potential installation of two bathrooms, adding to its versatility. The metal roof and updated gutters ensure low maintenance and long-term durability. A significant advantage is the expansive parking lot, providing ample space for customers and employees, or offering the possibility of future building expansion. Three-phase electrical service is already in place. The property's size and features make it well-suited for an auto repair shop, a commercial enterprise, or even the development of storage units. The diverse possibilities are complemented by its competitive asking price. Note that a 30-foot easement exists for the adjacent property's use for loading, unloading, and parking. This versatile commercial space is ready for its next chapter and offers significant potential for growth and profitability. Don't miss this chance to acquire a prime commercial property in a thriving location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.29 ac (12,800 SF)
APN 03-16-262-006
UPID US28-4296388
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
DARYL CARNELL
DARYL CARNELL
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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