Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    201 North Washington Street Carbondale, IL 62901

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $60,000

    Commercial corner lot in downtown Carbondale, ideal for development.

    Type:Land / Lots & Land
    Added:
    Feb 18, 2026
    Days on Market:
    57
    Last Refresh:
    Mar 13 at 9:32 am

    Property Features for 201 North Washington Street

    General Information

    Standard status
    Active
    Property subtype
    Land / Lots & Land

    We can help!

    Listing Contact
    Amber Hoffman

    Listing agent Amber Hoffman License #475196367

    Listing office House 2 Home Realty Marion

    Listing date Feb 18, 2026

    Source Compass

    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 House 2 Home Realty Marion

    Overview

    High-Visibility Corner Lot

    This high-visibility corner lot is located in downtown Carbondale. Zoned for commercial use, the parcel is suitable for various business ventures, including retail, dining, professional offices, or mixed-use development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.9411286
    Latitude
    41.2444528

    Nearby Similar for Sale

    • $365,000

      Stabilized Commercial Asset in Carbondale

      Income-producing commercial property with high visibility and tax incentives.
      828 E Main Street, Carbondale, IL 62901
      View Details
    • $275,000

      Prime Carbondale Commercial Corner Property

      High-visibility commercial building near SIU with endless potential.
      718 S ILLINOIS Avenue, Carbondale, IL 62901
      View Details
    • $39,500

      Carbondale Corner Lot Opportunity

      2.62-acre corner lot near schools, shopping, and recreation.
      11 Choctaw Dr, Carbondale, IL 62901
      View Details
    • $359,900

      Carbondale Multifamily Investment Opportunity

      Seven-unit complex with central heat, air, and separate meters.
      390 N Beadle Drive, Carbondale, IL 62901
      View Details
    • $215,000

      Spacious Student Housing Investment Property

      Move-in ready 6-bedroom, 5.5-bath home near campus.
      609 S POPLAR Street, Carbondale, IL 62901
      View Details
    • $1,250,000

      Multi-Family Investment Near SIU Campus

      Four duplexes near SIU with strong rental history.
      902 W MILL Street, Carbondale, IL 62901
      View Details
    • $33,000

      Wooded Lot Ready to Build

      1.1-acre wooded lot in a quiet Carbondale cul-de-sac.
      1875 Pleasant Woods Circle, Carbondale, IL 62902
      View Details
    • $459,000

      Prime Retail Location in Carbondale

      Retail storefront in prime location near upcoming Multimodal Station.
      300 S ILLINOIS Avenue, Carbondale, IL 62901
      View Details
    • $385,000

      Income-Producing Commercial Asset in Carbondale

      Stabilized commercial property with high visibility and strong tenant demand.
      828 East Main Street, Carbondale, IL 62901
      View Details
    • $285,000

      Carbondale Multifamily Investment Opportunity

      Nine-unit multifamily property in Carbondale, Illinois.
      1950 N ILLINOIS Avenue, Carbondale, IL 62901
      View Details
    • $369,000
      9,300 SF

      Former Motorcycle/ATV Site Available

      9300 SF building on State Highway 13, enterprise zone.
      2145 Sweets Dr, Carbondale, IL 62901
      View Details
    • $4,400,000
      6,458 SF

      Retail Property in Carbondale, IL

      Retail property with 6,458 square feet of space.
      1435 E Main St, Carbondale, IL
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial corner lot in downtown Carbondale, ideal for development.
    Where is this commercial land located?
    The property is located at 201 North Washington Street Carbondale, IL.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: High‑visibility corner lot; Located in the heart of downtown Carbondale; Zoned for commercial use
    (618) 889-3275
    We can help!
    Listing Contact
    Amber Hoffman
    Real Estate License ID: 475196367
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!