200 N Park Ave - Apartments FOR SALE


Herrin, IL 62948
$1,400,000 USD
618-952-5200
200 N Park Ave, Herrin, IL for Sale
$1,400,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

200 N Park Ave
Herrin, IL 62948


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

5

PRICE/UNIT

$280,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baldwin Piano

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,820 SF

ZONING

-

APN/PARCEL ID

02-19-461-007

ASK ABOUT THIS PROPERTY

Alysa BuntingIndigo Realty LLCMore Info
618-952-5200

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Alysa BuntingIndigo Realty LLCMore Info
618-952-5200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.