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    709 Illinois Ave Carbondale, IL 62901

    Sponsored
    For Sale
    $400,000

    Prime Carbondale location, remodeled restaurant. Great investment or lease opportunity.

    Property size:
    4,907 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional commercial property, located at 709 S Illinois Avenue in Carbondale, Illinois, presents a compelling investment opportunity. The 4,907 square foot building sits on a 0.23-acre lot, ideally situated on the vibrant Carbondale Strip. Recently remodeled, this restaurant is move-in ready and includes all necessary furnishings, such as booths, tables, and chairs. The spacious layout offers ample seating for patrons, and also includes additional storage space which could easily be converted into a banquet area, expanding the potential revenue streams. The property's prime location on the Carbondale Strip ensures high visibility and foot traffic, making it an attractive proposition for both established and aspiring restaurateurs. The asking price is $400,000. This turnkey operation offers a rare chance to acquire a well-equipped and strategically located restaurant in a thriving market. Serious inquiries are encouraged to explore the details and potential of this exciting investment. Contact us today to schedule a viewing.

    Property Features for 709 Illinois Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,907 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    THIS ‘N’ THAT American Restaurant

    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
    -89.21592
    Latitude
    37.72059

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Carbondale location, remodeled restaurant. Great investment or lease opportunity.
    Where is this commercial real estate located?
    The property is located at 709 Illinois Ave Carbondale, IL.
    What is the asking price?
    The asking price for this property is $400,000.
    Request Owner's contact information
    709 Illinois Ave 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
    709 Illinois Ave Carbondale, IL 62901
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