$ 385,000
-
$385,000
Price -
0
Bed -
0
Bath -
19,498
SqFt
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About the Listing 98195 - 1060206
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.
Listing Highlights
Status
Active
Days on Site
43
Property Type
Commercial Sale
MLS ®
100000575
Year Built
1958
Total Square Footage
19,498
Lot/Acreage
3
County
Jackson
Area
Carbondale
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 409x246x383x282
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $15,405
- Taxes w/Assessments: N/A
- Tax/Property ID: 1522126001
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
828 E Main St Carbondale, IL 62901
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