109 W Monroe St 24,829 SF 84% Leased Retail Building Herrin, IL 62948 $250,000 ($10.07/SF) 13.44% Cap Rate

This is an opportunity to acquire the 4,000 square foot retail space of 109 W Monroe St in downtown Herrin, Illinois. The property combines income-producing residential units with a street-level commercial component, creating multiple revenue streams within a single investment. Located in the city's traditional business district, the property benefits from proximity to local restaurants, retailers, services, and community institutions that support daily foot traffic and neighborhood activity.
The building contains two occupied one-bedroom, one-bath residential apartments above a ground-floor commercial space. The commercial area has previously operated as a bakery and may accommodate a variety of retail, office, or service-oriented users subject to local requirements. This configuration offers investors the potential for diversified income while also providing owner-users with the opportunity to occupy the commercial space and retain residential rental revenue.
Herrin is positioned within Southern Illinois and benefits from regional connectivity via nearby Illinois Route 148 and Interstate 57, providing access to surrounding communities and employment centers throughout Williamson County. The downtown location offers visibility within an established commercial corridor and convenient access to local amenities, supporting both residential occupancy and commercial tenancy.
The property's combination of residential rental income, commercial frontage, and central business district location creates a flexible investment profile suited for investors seeking a mixed-use asset or entrepreneurs pursuing an owner-occupied business location.