Property profile

113 S Washington St Carbondale, IL 62901

FOR SALE
Commercial land
Property ID
US28-2943488
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This unique investment opportunity presents two historic buildings located at 113 S Washington St, Carbondale, IL 62901, in Jackson County. Built in 1920, the property offers approximately 13,000 square feet of space, currently configured as a potential former fire station and store. The buildings feature exposed metal and wooden roof trusses, creating a unique aesthetic. The open floor plan lends itself to a variety of uses, including a warehouse, bar, or indoor farmers market. The property's proximity to a future city entertainment development adds significant potential for appreciation. Ample parking is available. The upper floors, which may have previously served as apartments or boarding rooms, require some renovation. Heating and air conditioning are currently only installed in the front office area. A half-bath is located in the southeast corner of the building. A minor roof leak is present in the southwest corner. A noteworthy feature is a plate glass window at the front, potentially a collector's item, featuring a painted former store name hidden behind exterior siding. The asking price for this property is $130,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN 15-21-212-031
UPID US28-2943488

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
  • Grocery & Convenience Store Food Market

Location

113 S Washington St Carbondale, IL 62901
Carbondale metro Census 10900 CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2024
2 recorded transactions
2026
Price N/A
2024
Price N/A

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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