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101 N Park Ave
Herrin, IL 62948
Retail Property For Sale
Property Facts
About 101 N PARK AVE , HERRIN, IL 62948
two story commerical office building, handicap accessible 1st floor 105 N Park ave Asbury Jewelers $675.00 15 year tenant 101 W Cherry St Merle Norman Cosmetics $675.00 9 year tenant 101 N Park Ave Hair Salon $750.00 per month 2nd floor Suite 200, 210, 220, rented by 15 year tenant $2500.00 per month 230 vacant, $450.00 240 vacant,lease just ended $450.00 Suite 250 not rented, needs remodeled. Potential $750.00 per month as apartment. Building has 7 bathrooms, 1 kitchen, utility basement, state certified 2500 pound elevator, and updated electronic efficient lighting throughout. Most parking for the building is on street or city owned parking lots. Expenses; Each rental unit has its own electric and gas meter. Water is shared House electric $55.00 per month Water bill $180.00 per month trash $55.00 per month Property taxes $5500.00 annual If building is sold, second story tenant would like to continue leasing, we will sign a three year lease, with a four month buyout option. Potential total rents; $6250.00 per month $75,000 annual. Appraised for $541,000.00 in 2012. 10% cap rate Downtown office building in located in TIF district and Entertprise Zone.
Property Taxes
| Parcel Number | 02-19-463-015 | Improvements Assessment | $65,650 |
| Land Assessment | $16,200 | Total Assessment | $81,850 |
Property Taxes
