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Property profile

2330 Illinois Ave Carbondale, IL 62903

OFF-MARKET
Commercial real estate
Property ID
US28-3351167
993 SF 6.98 ac lot
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Property summary

AI-generated overview

This exceptional 993 square foot commercial property, situated on a substantial 6.98-acre lot in Carbondale, Illinois, presents a unique investment opportunity. The property boasts a versatile layout, currently featuring a finished apartment on the second floor and office space on the main level. This adaptable design allows for a multitude of uses, making it ideal for entrepreneurs seeking a blend of residential and commercial space, or those with plans for a larger-scale business venture. The expansive lot, zoned BPL, offers significant expansion potential. Its prime location, extending from New 51 to Illinois Avenue, ensures high visibility and accessibility, attracting considerable foot and vehicle traffic. The existing structure provides a solid foundation for immediate occupancy or renovation, depending on the buyer's vision. The property's size and zoning regulations offer a wide range of possibilities, from retail and office spaces to light industrial uses, subject to local ordinances. This is a rare chance to acquire a substantial property in a desirable location with the flexibility to create a truly unique and profitable enterprise. The asking price of $169,900 reflects the significant potential inherent in this remarkable opportunity. Serious inquiries are encouraged to explore the possibilities this property offers.

Property profile

Verified
Property type Commercial real estate
Total area 993 SF
Lot 6.98 ac (304,049 SF)
UPID US28-3351167

Cap rate & NOI

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

Location

2330 Illinois Ave Carbondale, IL 62903
Carbondale metro
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Value estimations

Realmo proprietary · 4 methods
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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
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