531 Main St Carrollton, IL 62016
- Commercial real estate
- 0.17 lot acres
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
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carrollton
- County
- Greene-IL
- State
- Illinois
- Longitude
- -90.40895
- Latitude
- 39.30074