1114 Division St Carterville, IL 62918-3269
Property profile & analytics
1114 Division St Carterville, IL 62918-3269
- Commercial land
- 9.87 lot acres
Property ID
US28-4372229
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.
Location Intelligence
Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 1114 Division St
- Lot size
- 9.87 lot acres
- Property type
- Commercial land
- APN
- 01-35-100-018
- APU
- 135100018
Description
This exceptional investment opportunity presents a fee-simple interest in a 20,000-square-foot retail building situated on a 1.36-acre lot in Carterville, Illinois. The property, located at 1114 S Division St, zip code 62918, houses a combined Family Dollar and Dollar Tree store, operating under a 10-year net lease with minimal landlord responsibilities. The lease includes five, five-year renewal options, each with built-in rent escalations, providing inflation protection for the investor. Built in 1993 and extensively renovated in 2023, this property boasts a 100% occupancy rate and generates a substantial net operating income (NOI) of $100,000, resulting in an attractive 8.00% cap rate. The asking price is $1,250,000, translating to a low price per square foot of $138. The property benefits from excellent visibility and accessibility, further enhanced by its proximity to John A. Logan College, serving over 10,000 students. This investment-grade property offers a secure, long-term income stream with significant upside potential. The combined Dollar Tree and Family Dollar store represents a new, successful retail concept. This is a rare opportunity to acquire a high-performing, net-leased retail asset in a strong market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Carterville
- County
- Williamson
- State
- Illinois
- Longitude
- -89.0756
- Latitude
- 37.7823
- CBSA code
- 16060
- CBSA name
- CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$594
$8,670
$0.00
$8,670
-
$26,010
$0.00
$26,010
