Restaurant
119 N Washington Street, Carbondale, IL 62901
For Sale
$980,000
Central air serves the restaurant space.
Property Size6,411 SF
Days on Market11
Property Features for 119 N Washington Street
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Building Details
Building Size
Stories
Listing Agency:
Remax Realty Central
Listed By:
Robert Davenport · License #471019751
(618) 924-3644
Source:
Evrealestate
Added: Oct 27
Changed: Oct 30
Last Checked: Nov 6 at 9:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Realty Central
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property at 119 N Washington Street in Carbondale includes central air conditioning.
The property is on N Washington Street, reached from E Main Street by turning onto N Washington. It is located in Jackson County.
The property is on N Washington Street, reached from E Main Street by turning onto N Washington. It is located in Jackson County.
Key Highlights
- Central air conditioning
- Located at 119 N Washington Street in Carbondale, Jackson County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,124
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,702,480
$1.7M
Cap Rate 7%
$1,216,057
$1.2M
Cap Rate 9%
$945,822
$945.8K
Market Conditions
NOI Build-Up for 6,411 SF
Gross rent
$118.5K $18.48/SF
− Vacancy
−$5.0K −$0.78/SF
EGI
$113.5K $17.70/SF
− OpEx
−$28.4K −$4.43/SF
NOI
$85.1K $13.28/SF
Area
Jackson County, IL
Vacancy
4.20%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,702,480
Cap Rate 7%
$1,216,057
Cap Rate 9%
$945,822
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.06M – $1.42M
NOI $85,124 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,322 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,325
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62901, IL
22,967
Population
12,498
Households
1.8
Avg Household Size
29
Median Age
48%
College-Educated
95%
High-School Grad
27.1 sq mi
ZIP Area
847
Density / Sq Mi
$32,960
Median Household Income
$23,962
Median Earnings
$732
Median Rent
$137,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Central air serves the restaurant space.
Where is this conventional restaurant located?
The property is located at 119 N Washington Street Carbondale, IL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Central air conditioning; Located at 119 N Washington Street in Carbondale, Jackson County
