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    1031 Fairfax St Carlyle, IL 62231

    For Sale
    $210,000

    Business - Carlyle, IL

    Type:Business
    Property size:
    3,228 SF
    Lot size:
    0.15 Acres
    Days on Market:
    144
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 1031 Fairfax St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    08-08-183-22-008
    Appliances
    Dishwasher, Dryer, Microwave, Oven - Gas, Refrigerator, Washer
    Size
    3,228 SF
    Lot size
    0.15 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1895
    Building materials
    Vinyl Siding
    Architectural style
    Other

    Equity Fifty Five Realty LLC (618) 526-0021 [email protected]

    Listing agent Ed Kleber (618) 526-0021 License #471000282

    Listing date Jul 24, 2025

    MLS# 25049211 Listing URL

    Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Carlyle Mixed-Use Investment Opportunity

    This two-story mixed-use property in downtown Carlyle, Illinois, houses a fully operational bar and grill on the main level. The turn-key restaurant includes all kitchen equipment. Upstairs, a renovated two-bedroom, one-bath apartment features a private exterior entrance and appliances including a gas stove, stainless steel refrigerator, hot water heater, and washer/dryer. The apartment offers the potential for approximately $14,000 in annual rental income. The property is situated on a 0.15-acre lot. The building has a total living area of 3228 square feet. This property combines business and residential opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Zedd's Bar & Grill, Jay's Flamingo, Riverside Outdoors, Schleicher's Bar & Grill

    Location Insight

    • Map
    • Local Demand
    City
    Carlyle
    County
    Clinton
    State
    Illinois
    Longitude
    -89.374535
    Latitude
    38.610883

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    FAQs

    What type of property is this?
    Bar - Two-story mixed-use property with bar/grill and updated apartment.
    Where is this bar located?
    The property is located at 1031 Fairfax St Carlyle, IL.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: - Turn-key, fully operational bar and grill (Schleicher's) with loyal customer base and all kitchen equipment included.; - Updated two-bedroom apartment with private entrance, offering flexible use (live-in or rental).; - Prime downtown Carlyle location with high visibility.
    (618) 526-0021
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    1031 Fairfax St Carlyle, IL 62231
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    Carlyle, IL 62231
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1031 Fairfax St Carlyle, IL 62231
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