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    Property profile & analytics
    OFF-MARKET
    Commercial land

    816 Main St, Carbondale, IL 62901-2538

    0.34 ac lot
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US28-3127722
    Property summary
    AI-generated overview

    This exceptional commercial investment opportunity in Carbondale, Illinois, presents a unique chance to acquire the Wright Shopping Center. Situated on over 2.5 acres of land with 378 feet of frontage on Route 13, this property boasts high visibility and significant traffic flow. The center comprises three buildings, totaling eleven rentable units, currently partially leased. This allows for immediate income generation while providing ample space for future development and customization. The existing buildings offer a blend of retail and office spaces, adaptable to a variety of business types. While the property requires updates and repairs, the potential return on investment is substantial, given its prime location in a busy commercial area. The address is 816 E MAIN Street, Carbondale, IL 62901. This is an ideal opportunity for an investor seeking a high-traffic location with significant upside potential. The asking price for this multi-building commercial property is $399,000. Don't miss this chance to transform this property into a thriving commercial hub. The property is zoned for commercial and restaurant uses.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.34 ac (14,868 SF)
    APN 15-21-107-011
    UPID US28-3127722
    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
    • Regions Bank Bank Loan Service
    • Wright Properties Real Estate Agency
    • Nicholas Ramsey - Regions Financial Advisor Financial Advisor
    • Mckinney's Bargains and Resale Department Store
    • ATM (Regions Bank) Atm
    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
    Regions Bk · 7 yrs held
    Regions Bk
    since 2018
    3 recorded transactions
    2018
    2018
    $950,000
    2018
    $275,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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