116 Park AveHerrin, IL 62948

Property Details for 116 Park Ave

Property type

Commercial real estate

APN

02-19-462-002

APU

219462002

Description

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.

Location Insight

City

Herrin

County

Williamson

State

Illinois

Latitude

37.8041

Longitude

-89.0272

CBSA code

16060

CBSA name

CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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