Property profile

706 Plaza Dr Carterville, IL 62918

OFF-MARKET
Commercial real estate
3,045 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3,045 square foot commercial property, situated at 706 E Plaza Drive in Carterville, Illinois, presents a remarkable investment opportunity. Previously operating as a restaurant, this versatile building is ideally suited for a variety of commercial uses. The property boasts two expansive dining areas, perfect for accommodating a large clientele or creating distinct functional spaces. A fully equipped commercial kitchen, complete with all existing appliances and equipment, is included in the sale, eliminating the need for significant upfront investment. Abundant storage space is available throughout the building, ensuring efficient operations. Beyond the main building, the property includes a separate office building, providing additional workspace or potential for expansion. A convenient storage shed and carport offer further utility. Parking is exceptionally generous, with over 35 spaces available, catering to both customers and employees. A drive-through window and walk-in freezer and refrigerator add to the property's functionality and appeal. This turnkey operation is located in a desirable Carterville area, offering excellent visibility and accessibility. The asking price for this exceptional property is $470,000. This is a rare opportunity to acquire a well-equipped, established commercial building in a prime location. Don't miss out on this chance to own a thriving business or establish your own venture in a highly sought-after area.

Property profile

Verified
Property type Commercial real estate
Total area 3,045 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

706 Plaza Dr Carterville, IL 62918
Carterville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 706 Plaza Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message