114 S Illinois Ave - Storefront Retail/Residential FOR SALE


Carbondale, IL 62901
$450,000 USD
618-303-0700
114 S Illinois Ave, Carbondale, IL for Sale
$450,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | Request Cap Rate

114 S Illinois Ave
Carbondale, IL 62901


HIGHLIGHTS

  • Historic two-story mixed-use building with five total units.
  • Includes four Airbnb units and one annual apartment rental.
  • First-floor Mediterranean restaurant has been established at the location for many years.
  • Located within the Jackson County Enterprise Zone.
  • Situated in the Downtown Carbondale TIF District.
  • City-owned parking lot is located across the street.

OVERVIEW

114 S Illinois Avenue is a historic two-story mixed-use property offered for sale in Carbondale, Illinois. The building contains five units, including four Airbnb units and one annual apartment rental. The first floor is occupied by a Mediterranean restaurant that has operated at the location for many years. According to the listing, the property is positioned as an investment opportunity for an owner seeking exposure to short-term rental and mixed-use income streams. The property is located within the Jackson County Enterprise Zone and the Downtown Carbondale TIF District and is reported to be eligible for downtown improvement grants and low-interest loan programs. Public parking is available in the city-owned lot located across the street.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,267 SF

ZONING

BPR

APN/PARCEL ID

15-21-251-013

ASK ABOUT THIS PROPERTY

Rolf SchillingCommercial Realty AssociatesMore Info
618-303-0700

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Rolf SchillingCommercial Realty AssociatesMore Info
618-303-0700

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