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Baldwin Piano 200 N Park Ave 5 Unit Apartment Building $1,400,000 ($280,000/Unit) Herrin, IL 62948

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EXECUTIVE SUMMARY

For Sale: Historic Baldwin and Organ Center – A Unique Investment Opportunity
Step back in time with the Baldwin and Organ Center, a 1909-built gem nestled in the heart of Herrin, Illinois. This historic building is a blend of classic charm and modern potential, offering a versatile investment opportunity that’s hard to find.
Property Features:
Prime Location: Located in downtown Herrin, this building stands as a testament to the town's rich history, once home to the Baldwin Piano & Organ Company, a key player in the local music scene for decades.
12,000 Sq. Ft. Commercial Space: The main floor boasts 12,000 sq. ft. of open retail space, perfect for a variety of commercial ventures. With large storefront windows, high ceilings, and original architectural details, this space invites creativity and business growth.
Second-Floor Opportunities: The second floor is equally impressive, offering 3,800 sq. ft. of additional commercial space, ideal for offices, studios, or additional retail. Alongside this, 5 spacious apartments provide a steady stream of rental income. Each unit reflects the building's historical character while offering modern amenities for comfortable living.
Endless Possibilities: Whether you’re looking to restore this building to its former glory or reimagine it with a contemporary twist, the Baldwin and Organ Center offers endless possibilities. It’s more than just a property; it’s a piece of Herrin’s history waiting for a new chapter.
Why Invest Here?
Historic Appeal: Built in 1909, this building has witnessed over a century of Herrin’s history, making it a true landmark.
Income Potential: With 5 apartments, 12,000 sq. ft. of retail space on the main floor, and 3,800 sq. ft. of additional commercial space on the second floor, this property offers multiple income streams.
Strategic Location: Situated in a bustling downtown area, the Baldwin and Organ Center benefits from foot traffic and a strong local community presence.
Don’t miss your chance to own a piece of Herrin’s history while securing a profitable investment. Contact us today for more details or to schedule a tour of this unique property.

PROPERTY FACTS

Price $1,400,000
Price Per Unit $280,000
Sale Type Investment
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Lot Size 0.09 AC
Building Size 24,000 SF
Average Occupancy 100%
No. Stories 2
Year Built 1909
Opportunity Zone Yes
Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-19-461-007
Land Assessment
$6,580
Improvements Assessment
$37,660
Total Assessment
$44,240
  • Listing ID: 32657599

  • Date on Market: 8/1/2024

  • Last Updated:

  • Address: 200 N Park Ave, Herrin, IL 62948

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