504 Edward St Henry, IL 61537-1218
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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.