1008 W Main St - Commercial LAND FOR SALE


Carmi, IL 62821 83,200 SF
$1,950,000 USD
618-382-4121
1008 W Main St, Carmi, IL for Sale
$1,950,000 USD
Commercial LAND - FOR SALE
1/1
83,200 SF

1008 W Main St
Carmi, IL 62821


HIGHLIGHTS

  • Golden location
  • High Traffic Area
  • Centrally located

OVERVIEW

Headline: Unique 32-Unit Property + 3-Bedroom Home | Multi-Use Investment Opportunity Description: Rare opportunity to acquire a versatile real estate portfolio in Carmi, IL. This offering includes a 32-unit motel building, a spacious conference center, and a private 3-bedroom, 1-bathroom residence—all situated on a single, well-maintained lot. This sale is for the real estate only, providing a blank canvas for an investor, developer, or owner-occupant. The property is ideal for a variety of adaptive reuse projects including: Multi-Family Conversion: Transition the 32 units into affordable housing or studio apartments. Institutional Use: Perfect for a non-profit, transitional housing, or a corporate retreat center. Owner-Operator Setup: Live in the spacious 3-bedroom house while leasing or renovating the motel structure. Property Highlights: Motel Structure: 32 individual units with exterior entry. Conference Room: Large common area suitable for events, dining, or office space. Storefront: Located near the highway, ideal for marketing products. 3-Bedroom House: Modern layout, ideal for a primary residence or a rental for additional cap rate. Location: High visibility in Carmi, with easy access to local amenities and transit routes. We are located on Highway 1, right across the street from the fairgrounds. The Fine Print: Being sold as-is. Seller is selling the real estate assets only; no financial records for the previous motel business will be provided.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/ACRE

$1,020,942/AC

PRICE/SF

$23 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Carmi Motel

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

1.91 AC

LAND SF

83,200 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Wadie IssawiCarmi MotelMore Info
618-382-4121

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Wadie IssawiCarmi MotelMore Info
618-382-4121

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.