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Property profile & analytics
FOR SALE
Commercial real estate

1110 Franklin St Carlyle, IL 62231-1836

11,534 SF 1.14 ac lot Built 2009
Individually Owned 17-yr Hold Free & Clear
Property ID
US28-5492955
Property summary
AI-generated overview

This exceptional commercial property, located at 1110 Franklin Street in Carlyle, Illinois, presents a unique investment opportunity. Boasting a prime location just off the high-traffic intersection of US-50 and IL 127 in Carlyle's business district, this B-2 zoned property is currently operating as a successful lumber yard and home improvement center. The property encompasses a four-building complex totaling over 36,654 square feet, situated on approximately 1.25 acres of land. The main building, featuring a retail showroom, office space, and warehouse, comprises roughly 14,800 square feet. This provides ample space for retail operations and administrative functions. Adding to the substantial space, the property includes three additional buildings. Two are open-sided structures, totaling over 6,600 square feet, ideal for outdoor storage or display. The third is a large enclosed warehouse building offering 15,200 square feet of storage space. Convenient drive-thru access from city streets is available for efficient loading and unloading. The property's established business and strategic location make it an attractive proposition for a variety of commercial uses. The asking price is $975,000. This presents a rare chance to acquire a well-established commercial property in a thriving business district.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2009
Total area 11,534 SF
Lot 1.14 ac (49,658 SF)
Zoning code 51
APN 08-08-19-101-008
UPID US28-5492955
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k
Owner & transaction history
Daniel Ramey · 17 yrs held
Daniel Ramey
since 2009
6 recorded transactions
2009
$200,000
2008
$210,000
2008
$210,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
51 · Carlyle, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Code of Ordinances
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