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Property profile & analytics

531 Main St Carrollton, IL 62016

  • Commercial real estate
  • 0.17 lot acres
Value Estimation
Location Intelligence
Property ID
US28-4616326
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 531 Main St

Year built
1940
Lot size
0.17 lot acres
Property type
Commercial real estate

Description

This exceptional commercial property, located at 531 S Main Street in the heart of Carrollton, Illinois, presents a unique investment opportunity. The property boasts two distinct buildings situated on a 0.17-acre lot, offering significant potential for a variety of commercial ventures. The first building measures approximately 18 feet by 78 feet, while the second building is substantially larger at approximately 36 feet by 108 feet. Both buildings share a desirable characteristic: impressive 14-foot ceilings extending to the rafters, providing ample vertical space for creative design and layout. Adding to the value proposition, each building includes a full, unfinished basement, offering significant additional square footage for storage, expansion, or other uses. The property's prime location on the Carrollton square ensures high visibility and accessibility, making it an ideal location for a business seeking a strong presence within the community. To further facilitate a smooth transition, architectural plans are included in the sale, providing a head start on potential renovations or developments. Priced competitively at $85,000, this property represents a compelling investment opportunity for discerning buyers seeking a historic building with significant potential in a thriving location. The property is ready for its next chapter, waiting for a visionary owner to transform it into a thriving commercial space.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Carrollton
County
Greene-IL
State
Illinois
Longitude
-90.40895
Latitude
39.30074
More about this property
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