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    269 Illinois St Fairbanks, AK 99701

    New
    For Sale
    $650,000

    Building - Fairbanks, AK

    Property size:
    5,120 SF
    Lot size:
    0.62 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 269 Illinois St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Light Industrial District
    Parking
    50
    Size
    5,120 SF
    Lot size
    0.62 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Pellet Stove (Heating)

    Building Details

    Year built
    1950
    Building materials
    Block, Concrete
    Architectural style
    Other

    COLDWELL BANKER - GOLD COUNTRY (907) 456-4653

    Listing agent Melissa Richardson (907) 456-4653 License #RECS18401

    Listing date Dec 1, 2025

    MLS# 158204 Listing URL

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

    Overview

    Versatile Commercial Building in Fairbanks

    Located at the intersection of Illinois Street and Phillips Field Road in central Fairbanks, this commercial property offers a range of potential uses. The 5,120 square foot concrete block building is situated on over half an acre (0.62 acres) and features two access points and ample paved parking with 10+ spaces, plus additional parking within the secured lot. Zoned Light Industrial and located within the Historic Overlay District, the property experiences high traffic exposure, with over 14,000 vehicles passing daily. Originally built in 1950, the building has a history in Fairbanks commerce, formerly operating as a gas station and later as a tire and wheel shop. Most recently, it served as an auto repair shop. The building layout includes a spacious shop area, dedicated office space, retail/showroom frontage, customer service areas, and dual restrooms. Large display windows are jeweler-grade plate glass, offering natural light and prominent exposure. A delivery/truck door and inside storage area support flexible logistics. Heating is provided by a hot water baseboard system fueled by oil, with a supplemental pellet stove. Utilities include public water/sewer through Golden Heart Utilities and electric by GVEA.
    Location Intelligence

    Current Use by Public Records

    Alaska State Interlock Safety Equipment Supplier JP's Auto Repair Car Repair And Maintenance Service Intoxalock Ignition Interlock Safety Equipment Supplier Lifesafer Ignition Interlock Electronics Manufacturer

    Map

    City
    Fairbanks
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.7202064
    Latitude
    64.848052

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    FAQs

    What type of property is this?
    Auto shop - High-visibility Fairbanks commercial property with industrial utility and retail potential.
    Where is this auto shop located?
    The property is located at 269 Illinois St Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - High-visibility location at a busy intersection (14,000+ vehicles daily) for maximum exposure.; - Versatile Light Industrial zoning within the Historic Overlay District allows for a wide range of commercial uses.; - Large .62 acre lot with ample paved parking (10+ spaces) and secured parking.
    (907) 456-4653
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    269 Illinois St Fairbanks, AK 99701
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    Fairbanks, AK 99701
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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
    269 Illinois St Fairbanks, AK 99701
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