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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    511 Illinois Ave, Carbondale, IL 62901-2814

    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-2983588
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 618 Pro Electronics & Wireless Store Big Box & Wholesale Store
    • The Hangar 9 Music Venue Bar & Pub
    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
    511 S Illinois Avenue LLC · 1 yrs held
    511 S Illinois Avenue LLC
    since 2025
    1 recorded transaction
    2025
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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