Property profile

531 Main St Carrollton, IL 62016

OFF-MARKET
Commercial real estate
Property ID
US28-4616326
0.17 ac lot Built 1940
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Year built 1940
Lot 0.17 ac (7,405 SF)
UPID US28-4616326

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

531 Main St Carrollton, IL 62016
Carrollton metro
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Value estimations

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Owner & transaction history

Comparables

3 recent transactions · within 1.5 mi
Comparable in this city
3 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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