Property profile

601 E Main St Carbondale, IL 62901

FOR SALE
Commercial real estate
Property ID
US28-2834615
Individually Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This meticulously remodeled 3,010 square foot commercial building, situated on a 1.09-acre corner lot in Carbondale, IL, presents a unique investment opportunity. Located at the highly trafficked intersection of East Main Street, the property boasts excellent visibility and accessibility from two major thoroughfares. Previously a bank, the interior has undergone a complete renovation, resulting in a modern and versatile space ideal for a variety of uses, including office space, medical facilities, or even a cannabis distribution center. The building features several spacious offices, expansive open areas perfect for collaborative work or retail display, a large kitchenette, a comprehensive camera and security system, and two ADA-compliant bathrooms. A significant advantage is the inclusion of a fully functional walk-in safe with safety deposit boxes and three drive-up lanes, complemented by two additional safes. The substantial 3,000 square foot basement, boasting high ceilings, provides ample storage capacity. This turnkey property is priced at $549,900 and offers immediate occupancy. A virtual tour is available for a detailed visual inspection. The property's prime location and extensive features make it an exceptional opportunity for a discerning buyer.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 15-22-105-001
UPID US28-2834615

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
  • Production Facility

Location

601 E Main St Carbondale, IL 62901
Carbondale metro Census 11200 CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2020
6 recorded transactions
2022
Price N/A
2020
Price N/A
2020
$131,000
2020
Price N/A
2018
Price N/A
2018
$185,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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