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    1110 FRANKLIN Street unit 1150 Carlyle, IL 62231

    View on Map
    For Sale
    $799,700

    COMMERCIAL - Carlyle, IL

    Lot size:
    1.25 Acres
    Added:
    Sep 21, 2023
    Days on Market:
    924
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 1110 FRANKLIN Street unit 1150

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B-2
    Parking
    30
    Standard status
    Active
    APN
    080819101008
    Lot size
    1.25 Acres

    Taxes and HOA fees

    TaxYear
    2022
    TaxDescription
    PT of Lot 2 and Lots 3-4-5-6-7-8-9-10 in BLK Z In Middle Carlyle Subdivision
    TaxAnnualAmount
    8664

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1965
    Floors in Building
    1
    Flooring type
    Tile, Concrete
    Building materials
    Steel Frame, Frame
    Roof type
    Metal, Membrane

    We can help!

    Listing Contact
    Alan B Owen
    Alan B Owen

    Listing agent Alan B Owen License #475182718

    Listing office Coldwell Banker Allen & Geary 117 N. HICKORY, Centralia, IL

    Listing date Sep 21, 2023

    MLS# EB450692

    Copyright © 2025 RMLS Alliance. 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 Retail Property For Sale

    This commercial property, zoned B-2, is located in a high-traffic area just off the US-50 & IL 127 business district intersection in Carlyle, Illinois. Currently operating as a lumber yard and home improvement center, the property includes a four-building complex totaling over 36,600 square feet, situated on two parcels totaling approximately 1.25 acres. The main front retail showroom, office, and warehouse complex is approximately 14,800 square feet. The back wood-framed metal buildings include over 6,600 square feet of open-sided warehouse space and 15,200 square feet of enclosed warehouse space. The warehouse buildings have drive-thru access from the city streets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlyle
    County
    Clinton
    State
    Illinois
    Longitude
    -89.371796
    Latitude
    38.609969

    Nearby Similar for Sale

    • $170,000

      Victorian Office Building Near Courthouse

      Charming Victorian office building in Carlyle's central business district.
      1010 Franklin Street, Carlyle, IL 62231
      View Details
    • $210,000
      3,228 SF

      Mixed-Use Property in Downtown Carlyle

      Two-story mixed-use property with bar/grill and updated apartment.
      1031 Fairfax Street, Carlyle, IL 62231
      View Details
    • $169,900

      Downtown Carlyle Multi-Use Property

      Versatile property with office space and apartment potential.
      1031 FRANKLIN Street, Carlyle, IL 62231
      View Details
    • $1,071,000
      2,550 SF

      Retail Space in Carlyle, Illinois

      Retail space available in Carlyle, Illinois, near Carlyle Lake.
      567 12th St, Carlyle, IL 62231
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial B-2 zoned retail property in high traffic area.
    Where is this retail space located?
    The property is located at 1110 FRANKLIN Street unit 1150 Carlyle, IL.
    What is the asking price?
    The asking price for this property is $799,700.
    What are key features of this property?
    This property features: High‑traffic location off US‑50 & IL 127 intersection.; B‑2 commercial zoning suitable for retail.; Large, four‑building complex totaling over 36,600 Sq'.
    (618) 322-1160
    We can help!
    Listing Contact
    Alan B Owen
    Alan B Owen
    Real Estate License ID: 475182718
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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