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Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,534 SF
Building Class
C
Year Built
1930
Price
$632,385 CAD
Price Per SF
$96.78 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.08 AC
Zoning
BPR - Primary Business zoning
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Regions Bank
First Mid Bank
CrossFit
Sunny Street Cafe
Schnucks
7 Brew Coffee
Starbucks
Scooter's Coffee

Property Taxes

Property Taxes

Parcel Number
15-21-251-013
Land Assessment
$13,630 CAD
Improvements Assessment
$97,633 CAD
Total Assessment
$111,263 CAD
  • Listing ID: 41318441

  • Date on Market: 2026-07-16

  • Last Updated:

  • Address: 114 S Illinois Ave, Carbondale, IL 62901

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