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Property profile & analytics
OFF-MARKET
Commercial land

113 Washington St Carbondale, IL 62901-1507

Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US28-2943488
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Spires Wholesale Grocery & Convenience Store Food Market
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
Premier Property Management And Dev · 1 yrs held
Premier Property Management And Dev
since 2024
2 recorded transactions
2026
Price N/A
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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