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109 W Monroe St 4,400 SF Vacant Retail Building Herrin, IL 62948 $338,825 CAD ($77.01 CAD/SF)
Executive Summary
INCREDIBLE INVESTMENT OPPORTUNITY WITH TRIPLE INCOME POTENTIAL *Nearly 4,000 sq ft commercial building • Two 1-bed/1-bath upstairs apartments currently earning $1,625/month • Ground-level commercial space available for $1,200/month (previously successful cake business) • Total potential monthly income: $2925** This versatile property offers immediate cash flow from established residential rentals PLUS massive commercial earning potential. Whether you're building wealth through real estate or launching your dream business, this is your opportunity. **PERFECT FOR:** Investors seeking passive income, entrepreneurs wanting live/work space, or anyone ready to capitalize on proven rental demand. Commercial space ideal for bakery, retail, offices, or specialty business. **Properties like this don't last - call today for your private showing!**
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$26,428
|
$6.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$26,428
|
$6.01
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $26,428 |
| Annual Per SF | $6.01 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $26,428 |
| Annual Per SF | $6.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built
1960
Price
$338,825 CAD
Price Per SF
$77.01 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
Commercial - B2
Frontage
25’ on Monroe Street
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Cakes By Ally
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Cakes By Ally | Manufacturing | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 4,400 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,400 SF | Retail | - | Now |
1st Floor
| Size |
| 4,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 02-19-460-007 | Improvements Assessment | $46,053 CAD (2025) |
| Land Assessment | $7,264 CAD (2025) | Total Assessment | $53,318 CAD (2025) |
Property Taxes
Parcel Number
02-19-460-007
Land Assessment
$7,264 CAD (2025)
Improvements Assessment
$46,053 CAD (2025)
Total Assessment
$53,318 CAD (2025)
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109 W Monroe St
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