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Commercial Land with Dual Frontage
New
For Sale
$525,000

1505 Oak St, Carmi, IL 62821

Commercial Sale, Carmi, IL

Property SizeContact for details
Lot Size36.75 Acres
Days on Market4

Property Features for 1505 Oak St

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active
Lot size 36.75 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 3150

Utilities

Water source Public
Listing Agency: The Property Shop
Listed By: Angela French
Added: Sep 19 Last Checked: Sep 22 at 12:06AM
MLS# 11993360

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 36.75-acre commercial land tract includes a residential manufactured home, metal garage or shed, and concrete block barn. The property combines improved areas with 27 acres currently used for farming, creating a mix of existing structures and open land. Public water is available.

Frontage extends 825 feet along Oak St and 615 feet along Commerce St. The Oak St side includes curbs and 5 driveway approaches. The tract adjoins the White County fairgrounds property, providing an established surrounding context for the site.

Key Highlights

  • 36.75 acres of commercial land
  • 825 feet of frontage on Oak St and 615 feet on Commerce St
  • 27 acres currently farmed

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm Big Box & Wholesale Store HVAC Service

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

Location Intelligence

Trade Area within ½ mile

308
Businesses Nearby

Demographics for 62821, IL

7,083
Population
3,547
Households
2
Avg Household Size
46
Median Age
17%
College-Educated
85%
High-School Grad
170.5 sq mi
ZIP Area
42
Density / Sq Mi
$54,471
Median Household Income
$38,449
Median Earnings
$831
Median Rent
$107,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercial land with Oak Street and Commerce Street frontage, existing outbuildings, and public water service.
Where is this commercial land located?
The property is located at 1505 Oak St Carmi, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 36.75 acres of commercial land; 825 feet of frontage on Oak St and 615 feet on Commerce St; 27 acres currently farmed
More about this property
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