Restaurant and Bar with
New
For Sale
$980,000
119 N Washington Street, Carbondale, IL 62901
Business Opportunity, Carbondale, IL
Property Size6,411 SF
Lot Size0.15 Acres
Price / SF$152.86
Days on Market3
Property Features for 119 N Washington Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
From E Main st, right to N Washington. Property on the right.
Subdivision
Carbondale
Standard status
Active
APN
1521212029
Lot size
0.15 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14942
Utilities
Utilities
Water Available
Cooling system
Central Air
Building Details
Floors in Building
1
Buildings
1
Listing Agency:
RE/MAX REALTY CENTRAL · RE/MAX International
(618) 457-4663
Listed By:
Robert Davenport
(618) 924-3644
Added: Oct 27
Last Checked: Oct 29 at 12:06PM
MLS# 12789564
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 119 N Washington Street, Tres Hombres comprises a 6,411-square-foot restaurant building and the existing business, along with restaurant equipment and furnishings. The property occupies a 0.1518-acre lot and has central air conditioning; water is available. The restaurant dates to 1982 and is located in downtown Carbondale near SIU. Zoning is designated COMMR.
Key Highlights
- 6,411‑square‑foot restaurant building with the existing business included
- Restaurant equipment and furnishings convey with the offering
- 0.1518‑acre lot at 119 N Washington Street in Carbondale
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
Lease Details
Turnkey business
Opportunity
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 - The sale includes an operating restaurant business, furnishings, and equipment within a downtown Carbondale setting.
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: 6,411‑square‑foot restaurant building with the existing business included; Restaurant equipment and furnishings convey with the offering; 0.1518‑acre lot at 119 N Washington Street in Carbondale
