For Sale
$1,600,000

116 Park Ave Herrin, IL 62948

Three Businesses + Apartments, Prime Location

Overview

Added:
Feb 3
Days on market:
79
This exceptional commercial property in Herrin, IL, presents a lucrative investment opportunity. Located on a corner lot with high visibility from Route 148, the 6,600 square foot building houses three thriving businesses, each with its own private entrance. These established businesses occupy updated spaces designed for optimal functionality and customer experience. One unit features a convenient drive-thru, enhancing customer appeal and foot traffic. The property also includes four residential apartments: three charming two-bedroom, one-bathroom units, each with in-unit laundry, and a spacious, modern two-bedroom, one-bathroom apartment, also with in-unit laundry. All apartments are currently occupied, generating consistent rental income. A large dry basement provides ample storage space for commercial tenants or additional uses. This property offers a unique blend of commercial and residential income streams, making it an attractive and potentially high-return investment. The asking price is $1,600,000. This is a rare opportunity to acquire a well-established, multi-faceted property in a desirable location. The property is commercially zoned and offers significant potential for future growth and expansion.

Property Details for 116 Park Ave

Property type
Commercial real estate
Square Feet
6,600 SF

Location Insight

City
Herrin
County
Williamson
State
Illinois
Latitude
37.80408
Longitude
-89.02733

FAQs

What type of property is this?
Commercial real estate - Three Businesses + Apartments, Prime Location
Where is the commercial real estate located?
The property is located at 116 Park Ave Herrin, IL.
What is the asking price?
The asking price for this property is $1,600,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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116 Park Ave
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