Restaurant Condominium Unit
For Sale
Contact for pricing
Pending
505 Illinois St, Fairbanks, AK 99701
Restaurant-ready unit with HOA-managed exterior services and utilities paid by the building owner.
Property SizeContact for details
Days on Market118
Property Features for 505 Illinois St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Alaska Commercial Properties Inc
(907) 456-6008
Listed By:
Shawn Evans · License #RECB6332
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Aug 5 at 10:08AM
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 Alaska Commercial Properties Inc
Investment Insights
Based on property information with market context.
This commercial condominium unit is set up for a restaurant and has been finished out in a tasteful, move-in-ready style. The restaurant setup is described as having no ancillary hood or deep frying. All furnishings are offered for sale, with exceptions noted as the blue table and chairs and a few other pieces.
The HOA covers snow removal, trash removal, lawn care, and water and sewer changes, with HOA dues described as estimated. The building owner pays heat and electric. The seller reports recent work including fresh paint inside and out, roof repairs, and repairs under the building, and is working on a list of additional items.
The HOA covers snow removal, trash removal, lawn care, and water and sewer changes, with HOA dues described as estimated. The building owner pays heat and electric. The seller reports recent work including fresh paint inside and out, roof repairs, and repairs under the building, and is working on a list of additional items.
Key Highlights
- Restaurant‑ready commercial park condominium, UNIT 3 ILLINOIS STREET COMMERCIAL PARK CONDIMINIUMS
- Set up for restaurant use (no ancil hood or deep frying reported)
- HOA dues cover snow removal, trash removal, lawn care, and water and sewer changes
Property Analytics
Current Use
Location Intelligence
Demographics for 99701, AK
18,357
Population
8,757
Households
2.1
Avg Household Size
34
Median Age
25%
College-Educated
93%
High-School Grad
545.2 sq mi
ZIP Area
34
Density / Sq Mi
$73,551
Median Household Income
$41,782
Median Earnings
$1,233
Median Rent
$235,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-ready unit with HOA-managed exterior services and utilities paid by the building owner.
Where is this conventional restaurant located?
The property is located at 505 Illinois St Fairbanks, AK.
What are key features of this property?
This property features: Restaurant‑ready commercial park condominium, UNIT 3 ILLINOIS STREET COMMERCIAL PARK CONDIMINIUMS; Set up for restaurant use (no ancil hood or deep frying reported); HOA dues cover snow removal, trash removal, lawn care, and water and sewer changes
