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    608-610 Illinois Ave Carbondale, IL 62901

    For Sale
    $800,000

    Prime Carbondale location, established bar & retail.

    Property size:
    15,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Exceptional investment opportunity in downtown Carbondale, Illinois, featuring a well-established bar, Traxx, and five additional retail spaces totaling 15,200 square feet. The property, located at 608-610 S Illinois Avenue and including 202, 204, 206 & 208 W Freeman, boasts a large, historically significant bar with a 269-person occupancy capacity, a unique entertainment venue unmatched in Southern Illinois. Three of the five retail spaces are currently leased. An additional 4,000 square feet of space, currently unused, offers significant potential for expansion or repurposing. The property includes a new roof (2022) and benefits from its location within the TIFII and Enterprise zones. Ample parking is available both in the rear and along the street. This offering presents a rare chance to acquire six income-producing units—a thriving bar and five retail spaces—for the price of one. The building was constructed in 1965. This is a turnkey operation with significant upside potential. The property's address is 608-610 S Illinois Avenue, Carbondale, IL 62901. Asking price is $800,000.

    Property Features for 608-610 Illinois Ave

    General Information

    Property type
    Retail properties
    Square Feet
    15,200 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.2164119
    Latitude
    37.721194

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    FAQs

    What type of property is this?
    Retail property - Prime Carbondale location, established bar & retail.
    Where is this retail property located?
    The property is located at 608-610 Illinois Ave Carbondale, IL.
    What is the asking price?
    The asking price for this property is $800,000.
    Request Owner's contact information
    608-610 Illinois Ave 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
    608-610 Illinois Ave Carbondale, IL 62901
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