816 Main StCarbondale, IL 62901

  • Commercial land
  • 0.34 AC
For Sale
$399,000 View listing

Property Details for 816 Main St

Lot size
0.34 AC
Property type
Commercial land
APN
15-21-107-011
APU
1521107011

Description

This exceptional commercial investment opportunity in Carbondale, Illinois, presents a unique chance to acquire the Wright Shopping Center. Situated on over 2.5 acres of land with 378 feet of frontage on Route 13, this property boasts high visibility and significant traffic flow. The center comprises three buildings, totaling eleven rentable units, currently partially leased. This allows for immediate income generation while providing ample space for future development and customization. The existing buildings offer a blend of retail and office spaces, adaptable to a variety of business types. While the property requires updates and repairs, the potential return on investment is substantial, given its prime location in a busy commercial area. The address is 816 E MAIN Street, Carbondale, IL 62901. This is an ideal opportunity for an investor seeking a high-traffic location with significant upside potential. The asking price for this multi-building commercial property is $399,000. Don't miss this chance to transform this property into a thriving commercial hub. The property is zoned for commercial and restaurant uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,889,986
    Hospitality
    $3,563,206
    Educational
    $2,964,546
    Medical
    $3,066,501
    Retail
    $4,611,515

Location Insight

City
Carbondale
County
Jackson
State
Illinois
Latitude
37.7267
Longitude
-89.2273
CBSA code
16060
CBSA name
CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,454
$11,753
-
$11,753
-
$35,259
-
$35,259

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