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    2591 12Th St Carlyle, IL 62231

    Sponsored
    For Sale
    $260,000

    High-visibility 2.19-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    Prime commercial land totaling 2.19 acres is available for sale in Carlyle, Illinois, at an asking price of $260,000. This exceptional property boasts a highly desirable location, offering excellent visibility and significant development potential. Situated at 2591 12th Street, this parcel presents a unique opportunity for businesses seeking high-traffic exposure. The property's strategic placement provides a shadow-anchored opportunity directly in front of a Walmart store, ensuring consistent customer flow and brand recognition. This is an ideal location for retail, commercial, or other development projects seeking to capitalize on the established customer base and high visibility of this area. The property is zoned for commercial use (verification required by buyer). This offering presents a compelling investment opportunity for developers and entrepreneurs looking to establish a presence in a thriving community. Please note that this listing refers to the entire 2.19-acre parcel. Separate listings are available for smaller portions of the land. The property is located in Clinton County, Illinois, with a zip code of 62231. The coordinates are 38.629536 latitude and -89.3767706 longitude. All interested parties are encouraged to conduct their own due diligence.

    Property Features for 2591 12Th St

    General Information

    Property type
    Land
    Lot Size
    95,396 SF

    We can help!

    Listing Contact
    Jim Rosen, CCIM
    Jim Rosen, CCIM

    Learn more

    Property Insight Report

    HighLights

    • High‑traffic location with excellent visibility.
    • Shadow‑anchored retail opportunity adjacent to Walmart.
    • 1.16‑acre lot available for $110,000.
    • 1.03‑acre lot available for $150,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlyle
    County
    Clinton
    State
    Illinois
    Longitude
    -89.3767706
    Latitude
    38.629536

    Nearby Comparable

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    Nearby Similar for Sale

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      Mixed-Use Property in Downtown Carlyle

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      Versatile property with office space and apartment potential.
      1031 Franklin St, Carlyle, IL 62231
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      Victorian Office Building Near Courthouse

      Charming Victorian office building near courthouse in Carlyle, Illinois.
      1010 Franklin St, Carlyle, IL 62231
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    • $350,000
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      Auto Repair Shop For Sale

      5,000 SF auto repair shop with multiple drive-in doors.
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      Carlyle Commercial Property - High Traffic Area

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      1110 Franklin St, Carlyle, IL 62231
      View Details

    FAQs

    What type of property is this?
    Land - High-visibility 2.19-acre commercial lot.
    Where is this land located?
    The property is located at 2591 12Th St Carlyle, IL.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: High-traffic location with excellent visibility.; Shadow-anchored retail opportunity adjacent to Walmart.; 1.16-acre lot available for $110,000.
    Request Owner's contact information
    2591 12Th St Carlyle, IL 62231
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    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
    2591 12Th St Carlyle, IL 62231
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    We can help!
    Listing Contact
    Jim Rosen, CCIM
    Jim Rosen, CCIM
    Real Estate License ID: MO 1999033116
    Learn more
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