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    816 Main St Carbondale, IL 62901

    Sponsored
    For Sale
    $399,000

    Prime Commercial Strip Mall, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional commercial investment opportunity in Carbondale, Illinois, presents a unique chance to acquire the Wright Shopping Center. Situated on over 2.5 acres of land with 378 feet of frontage on Route 13, this property boasts high visibility and significant traffic flow. The center comprises three buildings, totaling eleven rentable units, currently partially leased. This allows for immediate income generation while providing ample space for future development and customization. The existing buildings offer a blend of retail and office spaces, adaptable to a variety of business types. While the property requires updates and repairs, the potential return on investment is substantial, given its prime location in a busy commercial area. The address is 816 E MAIN Street, Carbondale, IL 62901. This is an ideal opportunity for an investor seeking a high-traffic location with significant upside potential. The asking price for this multi-building commercial property is $399,000. Don't miss this chance to transform this property into a thriving commercial hub. The property is zoned for commercial and restaurant uses.

    Property Features for 816 Main St

    General Information

    Property type
    Restaurants

    Building Details

    Buildings
    3

    HighLights

    • Exceptional commercial investment opportunity in Carbondale, IL.
    • 2.5+ acre site with 378' of frontage on Route 13, offering high visibility and traffic.
    • Eleven rentable units across three buildings, partially leased, providing immediate income and future development potential.
    • Mix of retail and office spaces adaptable to various business types.
    • $399,000 asking price; requires updates and repairs, but offers substantial ROI in a prime commercial location. Zoned for commercial and restaurant uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Regions Bank Bank Wright Properties Real Estate Agency Nicholas Ramsey - Regions ... Financial Consultant Mckinney's Bargains and Resale Store ATM (Regions Bank) Atm

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.2041426
    Latitude
    37.7288167

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    FAQs

    What type of property is this?
    Restaurant - Prime Commercial Strip Mall, High Visibility
    Where is this restaurant located?
    The property is located at 816 Main St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Exceptional commercial investment opportunity in Carbondale, IL.; 2.5+ acre site with 378' of frontage on Route 13, offering high visibility and traffic.; Eleven rentable units across three buildings, partially leased, providing immediate income and future development potential.
    Request Owner's contact information
    816 Main St Carbondale, IL 62901
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    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
    816 Main St Carbondale, IL 62901
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