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    Mixed-Use Building on Route 13 Title is generated by Realmo AI

    1808 CLARK Street, Carterville, IL 62918

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    Mixed-use building with warehouse, retail, and office spaces.

    Type:Special Purpose
    Property size:
    3,364 SF
    Price / SF:
    $148/SF
    Added:
    Jul 13, 2024
    Days on Market:
    724
    Last Refresh:
    May 13 at 8:09 pm

    Property Features for 1808 CLARK Street

    General Information

    Standard status
    Active
    Size
    3,364 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    2002

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    Dave Thompson
    Dave Thompson

    Listing office C21 House of Realty, INC.

    Listing date Jul 13, 2024

    Source Crexi

    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 C21 House of Realty, INC.

    HighLights

    • Excellent visibility and high traffic count
    • Quality steel building on Route 13
    • 1,744 sq ft of office space featuring 5 offices and a kitchen
    • 900 sq ft warehouse/garage with 12' overhead door
    • 720 sq ft of retail space
    • Built in 2002

    Overview

    This mixed-use property is a steel building located on Route 13. It features a 900 square foot warehouse or garage space with a 12-foot overhead door, 720 square feet of retail space, and 1,744 square feet of office space that includes five offices and a kitchen. The property benefits from excellent visibility and a high traffic count.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $60.6k $18.00
    − Vacancy −$10.9k −$3.24
    EGI $49.7k $14.76
    − OpEx −$12.4k −$3.69
    NOI $37.2k $11.07
    3,364 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $532.0K
    $465.5K – $620.7K (±1% cap)
    NOI $37,239 @ 7.0% cap · market cap 7.48%
    Second Best
    Retail
    $392.4K
    $343.3K – $457.8K (±1% cap)
    NOI $27,466 @ 7.0% cap · market cap 5.52%
    Theoretical Best
    Office A
    $709.2K
    $620.5K – $827.4K (±1% cap)
    NOI $49,643 @ 7.0% cap · market cap 9.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Habiger & Associates Elder ... Law Firm Lucky Lady Gambling House

    Suggested Use

    Dental Office Department Store Discount Store Electrical Service Car Rental Facility Clothing & Fashion Store Bakery (Bike/Boat/Book/etc) Store Home Appliance Store Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carterville
    County
    Williamson
    State
    Illinois
    Longitude
    -89.046913
    Latitude
    37.744084

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with warehouse, retail, and office spaces.
    Where is this mixed-use property located?
    The property is located at 1808 CLARK Street Carterville, IL.
    What is the asking price?
    The asking price for this property is $498,000.
    What are key features of this property?
    This property features: Excellent visibility and high traffic count; Quality steel building on Route 13; 1,744 sq ft of office space featuring 5 offices and a kitchen
    (618) 751-9095 Call to check price and availability
    More about this property
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