828 E Main St - Retail FOR SALE


Carbondale, IL 62901
$385,000 USD
618-924-3644
828 E Main St, Carbondale, IL for Sale
$385,000 USD
Retail - FOR SALE
1/40
null | 2% Cap Rate

828 E Main St
Carbondale, IL 62901


HIGHLIGHTS

  • Mix Tenant
  • Located in a heavy traffic with 20,000 vehicles per day
  • Long term investment

OVERVIEW

Wright Business Center is a stabilized, income-producing commercial asset situated on approximately 3 acres in the heart of Carbondale. Located along a high-traffic corridor with 20,000+ vehicles per day, the property offers exceptional visibility, strong tenant demand, and long-term investment upside. The center is currently occupied by a diversified tenant mix, providing consistent monthly cash flow: Massage Therapist – $725/month Paint & Sip Studio – $650/month Retail Store – $875/month Tax Specialist – $800/month Music Studio – $650/month Property is being sold due to the owner's retirement, presenting an opportunity to acquire a proven commercial investment recently appraised at over $500,000 at a significantly reduced asking price of $385,000—built-in equity from day one. Property is being offered as-is. Recent capital improvements include a new roof on Building 1 and a brand-new parking lot, minimizing near-term capital expenditures and enhancing long-term asset stability. Located within a Business Enterprise District, the property benefits from significant tax incentives, including sales tax frozen for the first five years and 50% frozen for the following five years, enhancing operating income potential. Investor-friendly features include ground-level units with no stairs, ample free parking, and three curb cuts allowing easy ingress and egress—supporting tenant retention and broad usability. The layout also allows for rent optimization and future repositioning. Additionally, approximately 9.5 acres of adjacent land, owned by the City of Carbondale, is available for purchase, offering potential for expansion, redevelopment, or value-add strategies. This is a rare opportunity to secure a high-visibility, cash-flowing commercial property with tax advantages, capital improvements already completed, and meaningful upside in a growing Carbondale corridor.

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

Commercial

APN/PARCEL ID

15-22-126-001

ASK ABOUT THIS PROPERTY

Bob DavenportRe/max Realty CentralMore Info
618-924-3644

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Bob DavenportRe/max Realty CentralMore Info
618-924-3644

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