Description
Substantial 4,818 Sq. Ft. Commercial Building in Herrin, IL! Add this high-performing asset to your portfolio today. This 4,818 sq. ft. commercial property is fully leased and generating immediate passive income. With established tenants already in place (Body Shop & Flower Shop), this is a rare turnkey opportunity offering a massive 16% Cap Rate at the current asking price. The Financials: * Monthly Income: $2,000/month * Annual Gross Income: $24,000 * Cap Rate: 16% * Occupancy: 100% Leased (Tenants in place) Don't wait-assets with this rate of return do not last long on the market. OR Bring your vision to this expansive commercial property offering a rare combination of industrial utility and retail charm. Currently operating as a dual-use facility (Auto Body & Floral Shop), this building proves it can handle absolutely anything. Spanning a substantial 4,818 square feet, this property has excellent street visibility, seamlessly flowing into a spacious workshop/industrial space in the rear. Property Highlights: * Versatile Zoning: Perfect for automotive, manufacturing, retail, or adaptive reuse (think: brewery, gym, event center, or flex-warehouse). * Industrial: The rear workspace is equipped with overhead doors, high ceilings, and the infrastructure to handle heavy-duty work. Whether you are looking to continue the current operations or transform this flexible footprint into the area's next hotspot, the infrastructure is here!
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0.28ACRES
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01/2 BATHS
School Ratings & Info
Description
Substantial 4,818 Sq. Ft. Commercial Building in Herrin, IL! Add this high-performing asset to your portfolio today. This 4,818 sq. ft. commercial property is fully leased and generating immediate passive income. With established tenants already in place (Body Shop & Flower Shop), this is a rare turnkey opportunity offering a massive 16% Cap Rate at the current asking price. The Financials: * Monthly Income: $2,000/month * Annual Gross Income: $24,000 * Cap Rate: 16% * Occupancy: 100% Leased (Tenants in place) Don't wait-assets with this rate of return do not last long on the market. OR Bring your vision to this expansive commercial property offering a rare combination of industrial utility and retail charm. Currently operating as a dual-use facility (Auto Body & Floral Shop), this building proves it can handle absolutely anything. Spanning a substantial 4,818 square feet, this property has excellent street visibility, seamlessly flowing into a spacious workshop/industrial space in the rear. Property Highlights: * Versatile Zoning: Perfect for automotive, manufacturing, retail, or adaptive reuse (think: brewery, gym, event center, or flex-warehouse). * Industrial: The rear workspace is equipped with overhead doors, high ceilings, and the infrastructure to handle heavy-duty work. Whether you are looking to continue the current operations or transform this flexible footprint into the area's next hotspot, the infrastructure is here!
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