All-Brick Restaurant and
100 S Illinois Avenue Carbondale Carbondale, IL 62901
100 S Illinois Avenue Carbondale, Carbondale, IL, 62901
$580,000
For Sale
$580,000
All-brick restaurant building with high ceilings and multiple apartments upstairs, offered with business included.
Property Size3,475 SF
Price / SF$166.91
Days on Market9
Property Features for 100 S Illinois Avenue Carbondale
General Information
- Standard status
- Active
- Size
- 3,475 SF
Building Details
- Year Built
- 1852
Listing agency
(309) 722-1612
Listed by
Tee Rynerson
(309) 722-1612
Source
Realestatepeoria
Added: Jul 14 Updated: Jul 22 at 4:42AM Checked: Jul 22 at 4:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tee Rynerson
Investment Insights
Based on property information with market context.
This all-brick restaurant building is offered for sale with the business included. The property includes approximately 3,500 square feet and features high ceilings, lots of windows, and contemporary decor. The space is described as a casual dining environment.
The building is located on the bustling southwest corner of Main Street and Illinois Avenue in downtown Carbondale.
Upstairs, there are two separate apartments, creating an additional income component alongside the restaurant and bar operation.
The building is located on the bustling southwest corner of Main Street and Illinois Avenue in downtown Carbondale.
Upstairs, there are two separate apartments, creating an additional income component alongside the restaurant and bar operation.
Key Highlights
- All‑brick restaurant building with 3,500 SF and high ceilings
- Located at the SW corner of Main Street and Illinois Ave in downtown Carbondale
- Includes a restaurant/bar concept and is offered with the business included
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.2k | $18.48 |
| − Vacancy | −$2.7k | −$0.78 |
| EGI | $61.5k | $17.70 |
| − OpEx | −$15.4k | −$4.43 |
| NOI | $46.1k | $13.28 |
3,475 SF · lease $18.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$659.2K
$576.8K – $769.0K
NOI $46,141 @ 7.0% cap · market cap 7.96%
Second Best
Multifamily LT 5
$442.7K
$387.3K – $516.5K
NOI $30,987 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$947.2K
$828.8K – $1.11M
NOI $66,303 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hoke Patricia A
Law Firm
Barrett Twomey Broom ...
Law Firm
Hughes Kenneth R
Law Firm
Barrett, Twomey, Broom, ...
Law Firm
Gamble's Plumbing
Plumbing Service
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FAQs
What type of property is this?
Conventional restaurant - All-brick restaurant building with high ceilings and multiple apartments upstairs, offered with business included.
Where is this conventional restaurant located?
The property is located at 100 S Illinois Avenue Carbondale Carbondale, IL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: All‑brick restaurant building with 3,500 SF and high ceilings; Located at the SW corner of Main Street and Illinois Ave in downtown Carbondale; Includes a restaurant/bar concept and is offered with the business included
