Building Details

Building Size 3,695 SF

Year Built 1995

Buildings 1

Stories 1

Listing Agency: Show Phone

Listed By: George & Maribel Medina · License #471005598 Show Phone

Source: Gmsrealtygroup

Added: Oct 31 Last Checked: Oct 31 at 5:09AM

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Investment Insights

Based on property information with market context.

This restaurant property at 1365 E. Main Street includes a drive-through window, grease trap and two ADA-compliant bathrooms. Electrical service is 3-phase, 800-amp, with multiple distribution panels. Four rooftop HVAC units serve the building, and ceramic and quarry tile are used for flooring. The property was built in 1995.

The site is on E. Main Street, also designated Illinois Route 13, with a reported daily traffic count of 28,000+. Parking accommodates 60 vehicles.

Key Highlights

• Drive‑through window is in place
• 3‑phase, 800‑amp electrical service with multiple distribution panels
• Four rooftop HVAC units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,062

Cap Rate

3.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$981,240 $981.2K

Cap Rate 7%

$700,886 $700.9K

Cap Rate 9%

$545,133 $545.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,695 SF

Gross rent

$68.3K $18.48/SF

− Vacancy

−$2.9K −$0.78/SF

EGI

$65.4K $17.70/SF

− OpEx

−$16.4K −$4.43/SF

NOI

$49.1K $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%

$981,240

Cap Rate 7%

$700,886

Cap Rate 9%

$545,133

Alternative Uses

Best Use

Specialty Retail

$700.9K

$613.3K – $817.7K (±1% cap)

NOI $49,062 @ 7.0% cap · market cap 3.92%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.01M

$881.3K – $1.18M (±1% cap)

NOI $70,501 @ 7.0% cap · market cap 5.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Steak 'n Shake Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Furniture & Home Goods Locksmith Auto Parts Store Food Market

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

28,000 VPD

Traffic count

Yes

Utilities to site

Yes

Grease trap

Location Intelligence

Trade Area within ½ mile

274

Businesses Nearby

57k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 55% Shops & Services 45%

McDonald's Dining

18,016 visits/mo 0.1 miles

Circle K Shops & Services

10,078 visits/mo 0.4 miles

Phillips 66 Shops & Services

9,651 visits/mo 0.2 miles

Hardee's Dining

6,062 visits/mo 0.3 miles

Dollar General Shops & Services

5,814 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Restaurant improvements include a service window, grease trap and substantial electrical capacity.

Where is this drive through restaurant located?

The property is located at 1365 E Main Street Carbondale, IL.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Drive‑through window is in place; 3‑phase, 800‑amp electrical service with multiple distribution panels; Four rooftop HVAC units