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    706 Plaza Dr Carterville, IL 62918

    For Sale
    $470,000

    Prime Location, Restaurant Ready, Ample Parking

    Property size:
    3,045 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 3,045 square foot commercial property, situated at 706 E Plaza Drive in Carterville, Illinois, presents a remarkable investment opportunity. Previously operating as a restaurant, this versatile building is ideally suited for a variety of commercial uses. The property boasts two expansive dining areas, perfect for accommodating a large clientele or creating distinct functional spaces. A fully equipped commercial kitchen, complete with all existing appliances and equipment, is included in the sale, eliminating the need for significant upfront investment. Abundant storage space is available throughout the building, ensuring efficient operations. Beyond the main building, the property includes a separate office building, providing additional workspace or potential for expansion. A convenient storage shed and carport offer further utility. Parking is exceptionally generous, with over 35 spaces available, catering to both customers and employees. A drive-through window and walk-in freezer and refrigerator add to the property's functionality and appeal. This turnkey operation is located in a desirable Carterville area, offering excellent visibility and accessibility. The asking price for this exceptional property is $470,000. This is a rare opportunity to acquire a well-equipped, established commercial building in a prime location. Don't miss out on this chance to own a thriving business or establish your own venture in a highly sought-after area.

    Property Features for 706 Plaza Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,045 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Asian Bistro Asian Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carterville
    County
    Williamson
    State
    Illinois
    Longitude
    -89.0689
    Latitude
    37.74577

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Restaurant Ready, Ample Parking
    Where is this commercial real estate located?
    The property is located at 706 Plaza Dr Carterville, IL.
    What is the asking price?
    The asking price for this property is $470,000.
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    706 Plaza Dr Carterville, IL 62918
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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
    706 Plaza Dr Carterville, IL 62918
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