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    OFF-MARKET
    Commercial real estate

    865 Fairfax St, Carlyle, IL 62231-1809

    6,120 SF 0.07 ac lot Built 1893
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-0144309
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Raven A Welch · 4 yrs held
    Raven A Welch
    since 2022
    Last sale
    $58,000
    3 recorded transactions
    2022
    $45,500
    2006
    $58,000
    1969
    Zoning & alternative use
    51 · Carlyle, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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