1300 N Reed Station Rd, Carbondale, IL 62901

Building Details

Buildings 2 More

Listing Agency: COMMERCIAL REALTY ASSOCIATES

Listed By: Rolf Schilling · License IL #471012048 Show Phone

Source: Bktchicago

Added: Sep 24 Changed: Oct 25 Last Checked: Oct 7 at 1:28PM

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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 COMMERCIAL REALTY ASSOCIATES

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Investment Insights

Based on property information with market context.

This flex property combines finished office space with a heated warehouse and a detached storage building. The office area exceeds 2,200 square feet and includes five private offices, two bathrooms, a file room, break room, reception area, and waiting area. The warehouse also exceeds 2,200 square feet and has two overhead doors. The detached storage building features overhead doors, concrete floors, and lighting.

The property occupies a 2-acre site east of Carbondale, immediately off Hwy. 13. Ample parking is available on site.

Key Highlights

• 2‑acre site east of Carbondale, immediately off Hwy. 13
• Finished office area exceeds 2,200 square feet and includes five private offices
• Office area also includes two bathrooms, a file room, break room, reception, and waiting areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,715

Cap Rate

4.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$534,300 $534.3K

Cap Rate 7%

$381,643 $381.6K

Cap Rate 9%

$296,833 $296.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,562 SF

Gross rent

$33.9K $7.44/SF

− Vacancy

−$2.5K −$0.55/SF

EGI

$31.4K $6.89/SF

− OpEx

−$4.7K −$1.03/SF

NOI

$26.7K $5.86/SF

Area

Jackson County, IL

Vacancy

7.40%

Lease Rate

$7.44 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$534,300

Cap Rate 7%

$381,643

Cap Rate 9%

$296,833

Alternative Uses

Best Use

Warehouse

$381.6K

$333.9K – $445.3K (±1% cap)

NOI $26,715 @ 7.0% cap · market cap 4.90%

Second Best

Flex RnD

$371.9K

$325.4K – $433.9K (±1% cap)

NOI $26,031 @ 7.0% cap · market cap 4.78%

Theoretical Best

Office A

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $87,043 @ 7.0% cap · market cap 15.97%

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

Schimpf Construction Inc Construction Company

Suggested Use

Top Pick Building Supply Auto Parts Store Grocery & Convenience Store Garden Center Kitchen & Bath Showroom Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

104

Businesses Nearby

Well-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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - An office-and-warehouse layout pairs finished workspace with a heated shop and a separate storage building.

Where is this flex space located?

The property is located at 1300 N Reed Station Rd Carbondale, IL.

What is the asking price?

The asking price for this property is $545,000.

What are key features of this property?

This property features: 2‑acre site east of Carbondale, immediately off Hwy. 13; Finished office area exceeds 2,200 square feet and includes five private offices; Office area also includes two bathrooms, a file room, break room, reception, and waiting areas