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109 W Monroe St 24,829 SF 100% Leased Retail Building Herrin, IL 62948 $342,427 CAD ($13.79 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 |
$26,709
|
$1.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$26,709
|
$1.08
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $26,709 |
| Annual Per SF | $1.08 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $26,709 |
| Annual Per SF | $1.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
24,829 SF
Building Class
C
Year Built
1960
Price
$342,427 CAD
Price Per SF
$13.79 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
3.17
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
Commercial - B2
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 | - | - | - |
Fairly walkable
40/100
Moderately drivable
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 02-19-460-007 | Improvements Assessment | $46,405 CAD (2025) |
| Land Assessment | $7,320 CAD (2025) | Total Assessment | $53,725 CAD (2025) |
Property Taxes
Parcel Number
02-19-460-007
Land Assessment
$7,320 CAD (2025)
Improvements Assessment
$46,405 CAD (2025)
Total Assessment
$53,725 CAD (2025)
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109 W Monroe St
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