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    601 Main St Carrollton, IL 62016

    For Sale
    $1,230,499
    Property size:
    10,640 SF
    Added:
    Dec 11, 2024
    Days on Market:
    361

    Property Features for 601 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,640 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • 10,640 SF building on a 0.75‑acre site, built in 2023.
    • $115.65/SF price; $1,407,000 appraised value (2022). Dollar General Corporation guarantor.
    • 8‑year lease remaining, expiring 9/30/32; NN Lease.
    • $88,600 annual rent ($7,387.62 monthly), commencing 9/20/2022. Three 5‑year renewal options with 10% rent increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kroger Money Services Check Cashing Service MoneyGram Money Transfer Service Dollar General Dollar Store Ria Money Transfer ... Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Greene
    State
    Illinois
    Longitude
    -90.409887943739
    Latitude
    39.301008338927

    Nearby Comparable

    • $150,000

      Commercial Building with Income Potential

      Mixed-use property featuring apartments and retail space in Carrollton, IL.
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    • $85,000
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      Historic Carrollton Commercial Building

      Prime Location, Two-Building Opportunity
      531 Main St, Carrollton, IL 62016
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    • $55,000
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      Commercial Lot Near Public Square

      Vacant commercial lot near Highway 67 and local businesses.
      419 S 5Th St, Carrollton, IL 62016
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    • $759,000
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      Carrollton Multifamily Investment Opportunity

      16-unit multifamily property in excellent condition with long-term tenants.
      818 S 6Th St, Carrollton, IL 62010
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    • $2,243,150
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      Greene County Farm Opportunity

      377-acre farm in Greene County, Illinois with income and recreation.
      875 SW St, Jerseyville, IL 62052
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    • $1,250,000
      10,640 SF

      Freestanding Building with Lease in Place

      10,640 SF NNN property with an existing lease.
      252 N Main St, White Hall, IL 62092
      View Details

    Nearby Similar for Sale

    • $759,000
      14,000 SF

      Carrollton Multifamily Investment Opportunity

      16-unit multifamily property in excellent condition with long-term tenants.
      818 S 6Th St, Carrollton, IL 62010
      View Details
    • $150,000

      Commercial Building with Income Potential

      Mixed-use property featuring apartments and retail space in Carrollton, IL.
      326 6Th St, Carrollton, IL 62016
      View Details
    • $85,000
      0.17 Acres

      Historic Carrollton Commercial Building

      Prime Location, Two-Building Opportunity
      531 Main St, Carrollton, IL 62016
      View Details

    FAQs

    Where is this individual retail property located?
    The property is located at 601 Main St Carrollton, IL.
    What is the asking price?
    The asking price for this property is $1,230,499.
    What are key features of this property?
    This property features: 10,640 SF building on a 0.75-acre site, built in 2023.; $115.65/SF price; $1,407,000 appraised value (2022). Dollar General Corporation guarantor.; 8-year lease remaining, expiring 9/30/32; NN Lease.
    Request Owner's contact information
    601 Main St Carrollton, IL 62016
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    Carrollton, IL 62016
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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
    601 Main St Carrollton, IL 62016
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