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    2480 Meadville Ln Carbondale, IL 62901

    Sponsored
    For Sale
    $700,000

    9.23 Acres, Ready for Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 9.23-acre commercial land parcel in Carbondale, Illinois, presents a unique investment opportunity. Located at 2480 Meadville Lane, this property boasts a prime location just off Route 13 west, near Reed Station Road, and directly adjacent to an established hotel. The asking price is $700,000. Currently generating a consistent monthly income stream of $2,250 from two existing rental properties – a single-family home and a duplex – this offering provides immediate return on investment while presenting significant long-term development potential. The property's zoning allows for commercial development, making it ideal for a variety of uses. The convenient location offers excellent visibility and accessibility, making it an attractive site for businesses seeking a high-traffic area. The existing rental properties can be utilized as income-generating assets during the development phase or repurposed to suit the future commercial project. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Illinois community. Don't miss out on this chance to build your business in a prime location. The property is situated in Jackson County, Illinois, with a zip code of 62901.

    Property Features for 2480 Meadville Ln

    General Information

    Property type
    Land

    HighLights

    • 9.23‑acre commercial land parcel in Carbondale, IL.
    • Located at 2480 Meadville Lane, near Route 13 and Reed Station Road.
    • $700,000 asking price.
    • Generates $2,250 monthly income from existing rentals.
    • Commercial zoning allows for diverse development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.1595296
    Latitude
    37.7454254

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    FAQs

    What type of property is this?
    Land - 9.23 Acres, Ready for Development
    Where is this land located?
    The property is located at 2480 Meadville Ln Carbondale, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 9.23-acre commercial land parcel in Carbondale, IL.; Located at 2480 Meadville Lane, near Route 13 and Reed Station Road.; $700,000 asking price.
    Request Owner's contact information
    2480 Meadville Ln Carbondale, IL 62901
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    Realmo Value Estimation

    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.

    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.

    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
    2480 Meadville Ln Carbondale, IL 62901
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