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    2480 Meadville Ln Carbondale, IL 62901

    Sponsored
    For Sale
    $700,000

    Prime 9.23-acre commercial lot with rental income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 9.23-acre commercial property in Carbondale, Illinois, presents a unique investment opportunity. Located on Meadville Lane, just off Route 13 west near Reed Station Road, this strategically positioned land is ideal for immediate development. The property's high-traffic location offers excellent visibility and accessibility, making it an attractive site for a variety of commercial ventures. Adding to its appeal, the land currently generates consistent rental income from two existing structures: a single-family home and a duplex. These properties collectively produce a total monthly rental income of $2,250, providing a steady cash flow stream while development plans are finalized. The property's adjacency to an established hotel further enhances its potential, creating synergistic opportunities for future businesses. This is a rare chance to acquire a substantial commercial parcel with immediate income potential in a thriving Carbondale location. The property's size and location make it suitable for a wide range of commercial developments, from retail spaces to office buildings, or even expansion of the adjacent hotel. Serious inquiries are encouraged to explore the possibilities of this remarkable investment. The property is offered at $700,000. All information is deemed reliable but not guaranteed.

    Property Features for 2480 Meadville Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    402,059 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.15957
    Latitude
    37.74545

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 9.23-acre commercial lot with rental income.
    Where is this commercial real estate located?
    The property is located at 2480 Meadville Ln Carbondale, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    Request Owner's contact information
    2480 Meadville Ln Carbondale, IL 62901
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    Carbondale, IL 62901
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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
    2480 Meadville Ln Carbondale, IL 62901
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