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    101 Monroe St Carbondale, IL 62901

    Sponsored
    For Sale
    $2,225,000

    Thriving business, prime downtown location.

    Property size:
    8,168 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional opportunity presents the acquisition of "The Cellar," a renowned and profitable sports bar situated at 101 W Monroe Street, Carbondale, IL. Boasting 8,168 square feet, this established business benefits from a highly desirable location between the forthcoming Southern Illinois Multimodal Station and the anticipated Downtown Entertainment Plaza, ensuring significant foot traffic and accessibility. The property features a unique blend of the original, nostalgic downstairs bar and a newly added patio bar, complete with attractive outdoor seating. The Cellar is widely recognized for its signature Bloody Marys, along with amenities such as shuffleboard, pool tables, and numerous televisions catering to sports enthusiasts. Its well-established reputation and multiple revenue streams contribute to its consistent success and growth potential. The sale price is $2,225,000. This is a rare chance to own a thriving, turnkey business in a rapidly developing area of Carbondale. The property sits on a 0-acre lot and is classified as General Commercial. Don't miss this chance to own a piece of Carbondale's vibrant nightlife scene. Contact us today to schedule a viewing and explore this exciting investment opportunity.

    Property Features for 101 Monroe St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,168 SF

    Building Details

    Year Built
    1966
    Property Profile Location Intelligence

    Current Use by Public Records

    The Cellar Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.21645
    Latitude
    37.72604

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    FAQs

    What type of property is this?
    Commercial real estate - Thriving business, prime downtown location.
    Where is this commercial real estate located?
    The property is located at 101 Monroe St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $2,225,000.
    Request Owner's contact information
    101 Monroe St 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
    101 Monroe St Carbondale, IL 62901
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