Property profile

511 Illinois Ave Carbondale, IL 62901

OFF-MARKET
Commercial real estate
Property ID
US28-2983588
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 15-21-402-001
UPID US28-2983588

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
  • Electronics & Wireless Store Big Box & Wholesale Store
  • Music Venue Bar & Pub

Location

511 Illinois Ave Carbondale, IL 62901-2814
Carbondale metro Census 11100 CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA
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Value estimations

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

since 2025
1 recorded transaction
2025
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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