511 Illinois Ave, Carbondale, IL 62901-2814
This exceptional investment opportunity presents Hangar 9, a thriving commercial property located at 511 S ILLINOIS Avenue, Carbondale, IL 62901. Built in 2010, this 6,000 square foot, two-story establishment is a well-established and beloved local bar and live music venue. The property boasts 18 bar taps, a walk-in cooler, and a unique custom-designed ceiling. The main floor is ADA accessible, catering to a diverse clientele. Hangar 9 offers both indoor and outdoor seating areas, enhancing its appeal and capacity. Additional amenities include a pool table, and a popular Thursday night karaoke event. The property's prime location in the heart of Carbondale ensures consistent foot traffic and a strong customer base. This turnkey operation is ready for a new owner to continue its legacy of providing exceptional entertainment and fostering a vibrant community atmosphere. The asking price for this established and profitable business is $550,000. This represents a rare chance to acquire a well-known and successful venue with significant potential for future growth. The property's history of hosting numerous musical acts and events establishes a strong foundation for continued success. Don't miss this opportunity to own a piece of Carbondale's vibrant nightlife scene.
-
618 Pro Electronics & Wireless Store Big Box & Wholesale Store
-
The Hangar 9 Music Venue Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.