Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    531 Main St Carrollton, IL 62016

    For Sale
    $85,000

    Prime Location, Two-Building Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, located at 531 S Main Street in the heart of Carrollton, Illinois, presents a unique investment opportunity. The property boasts two distinct buildings situated on a 0.17-acre lot, offering significant potential for a variety of commercial ventures. The first building measures approximately 18 feet by 78 feet, while the second building is substantially larger at approximately 36 feet by 108 feet. Both buildings share a desirable characteristic: impressive 14-foot ceilings extending to the rafters, providing ample vertical space for creative design and layout. Adding to the value proposition, each building includes a full, unfinished basement, offering significant additional square footage for storage, expansion, or other uses. The property's prime location on the Carrollton square ensures high visibility and accessibility, making it an ideal location for a business seeking a strong presence within the community. To further facilitate a smooth transition, architectural plans are included in the sale, providing a head start on potential renovations or developments. Priced competitively at $85,000, this property represents a compelling investment opportunity for discerning buyers seeking a historic building with significant potential in a thriving location. The property is ready for its next chapter, waiting for a visionary owner to transform it into a thriving commercial space.

    Property Features for 531 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Greene-IL
    State
    Illinois
    Longitude
    -90.40895
    Latitude
    39.30074

    Nearby Comparable

    • $150,000

      Commercial Building with Income Potential

      Mixed-use property featuring apartments and retail space in Carrollton, IL.
      326 6Th St, Carrollton, IL 62016
      View Details
    • $1,230,499
      10,640 SF

      601 Main St

      Individual retail properties • 10,640 SF
      601 Main St, Carrollton, IL 62016
      View Details
    • $55,000
      0.08 Acres

      Commercial Lot Near Public Square

      Vacant commercial lot near Highway 67 and local businesses.
      419 S 5Th St, Carrollton, IL 62016
      View Details
    • $759,000
      14,000 SF

      Carrollton Multifamily Investment Opportunity

      16-unit multifamily property in excellent condition with long-term tenants.
      818 S 6Th St, Carrollton, IL 62010
      View Details
    • $2,243,150
      Pending

      Greene County Farm Opportunity

      377-acre farm in Greene County, Illinois with income and recreation.
      875 SW St, Jerseyville, IL 62052
      View Details
    • $1,250,000
      10,640 SF

      Freestanding Building with Lease in Place

      10,640 SF NNN property with an existing lease.
      252 N Main St, White Hall, IL 62092
      View Details

    Nearby Similar for Sale

    • $759,000
      14,000 SF

      Carrollton Multifamily Investment Opportunity

      16-unit multifamily property in excellent condition with long-term tenants.
      818 S 6Th St, Carrollton, IL 62010
      View Details
    • $150,000

      Commercial Building with Income Potential

      Mixed-use property featuring apartments and retail space in Carrollton, IL.
      326 6Th St, Carrollton, IL 62016
      View Details
    • $1,230,499
      10,640 SF

      601 Main St

      Individual retail properties • 10,640 SF
      601 Main St, Carrollton, IL 62016
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Two-Building Opportunity
    Where is this commercial real estate located?
    The property is located at 531 Main St Carrollton, IL.
    What is the asking price?
    The asking price for this property is $85,000.
    433-9436
    Request Owner's contact information
    531 Main St Carrollton, IL 62016
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    531 Main St
    Carrollton, IL 62016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    531 Main St Carrollton, IL 62016
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.