FAQs about Offices for Sale in Herrick
How many Office Space listings are available for sale in Herrick?
Currently, there are 0 Office Space listings for sale near Herrick, IL. LoopNet regularly showcases the most current office listings, with new properties added frequently.
What is the cost for Office Space for sale in Herrick?
The average price per square foot for is about $33 for Herrick Office Space. Requirements such as number of employees, parking and amenity options, market demand, age and condition of building, etc. help determine the price for Office Space in the Herrick area.
How big is the Office Space available for sale in Herrick?
The average size of Office Space available for sale in Herrick, IL is approximately 1,600 SF. The largest office available is 1,600 SF and the smallest is 1,600 SF.
Factors such as number of employees, ratio of offices to open space, storage needs, potential anticipated growth, etc. will determine the size of office space that's best for you.
Factors such as number of employees, ratio of offices to open space, storage needs, potential anticipated growth, etc. will determine the size of office space that's best for you.
What is the average cap rate for Office Properties in Herrick?
Currently, the average cap rate for office properties in Herrick, IL is typically , with variations depending on specific submarkets, class of the property and current market conditions. Read through our article for more information about cap rates and what influences them.
What are the classifications of Office Buildings for sale in Herrick?
- Class A office buildings are newer, high-quality constructions located in prime areas, offering top-tier amenities and professional management.
- Class B buildings are older but well-maintained, situated in accessible locations with standard amenities and the potential for upgrades.
- Class C office spaces are typically older structures in less desirable areas, offering fewer amenities and lower rental rates.
