Property profile

865 Fairfax St Carlyle, IL 62231

OFF-MARKET
Commercial real estate
Property ID
US28-0144309
6,120 SF 0.07 ac lot Built 1893
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 3,120 square foot commercial building located at 865 Fairfax Street in Carlyle, Illinois, presents a fantastic turnkey opportunity. Priced at $57,900, this property is ideal for an established or aspiring salon owner. The building itself has undergone recent updates, ensuring a modern and functional space. The interior features ample space for various salon services, including a significant upstairs storage area, providing convenient and secure storage for supplies and equipment. All existing equipment is included in the sale, eliminating the need for significant upfront investment. This comprehensive package includes multiple hair stations, two manicure tables with accompanying chairs, and two pedicure thrones. The property sits on a 0-acre lot, offering convenient access and minimal exterior maintenance. This is a rare opportunity to acquire a fully equipped, updated commercial space in a prime location, ready for immediate operation. The building's recent updates and included equipment make this a truly turnkey operation, minimizing start-up costs and maximizing potential for immediate profitability. Serious inquiries are encouraged to explore this exceptional business opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1893
Total area 6,120 SF
Lot 0.07 ac (3,223 SF)
Zoning code 51
APN 08-08-18-320-010
UPID US28-0144309

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

865 Fairfax St Carlyle, IL 62231-1809
Carlyle metro Census 900403 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$55k

Owner & transaction history

since 2022
Last sale
$58,000
3 recorded transactions
2022
$45,500
2006
$58,000
1969
Price N/A

Zoning & alternative use

51 · Carlyle, IL

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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