Carmi IL Commercial for Sale
$450,000
700 S 3rd Street Carmi, IL 62821
- Type:
- General Commercial
- Sq.Ft.:
- 10,313
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1929
- Baths:
- MLS#:
- 1376872
ADDITIONAL INFORMATION
Investment Opportunity! What was once a beautiful church with its detailed finishes and stunning wooden beams and casings has been partially rehabbed with plans for 14 apartment units. Currently, income is received from two finished units totaling $1440/mo. Two more units are nearly ready to rent with just a few punch list items remaining while the ten other units are in various stages of the remodeling process. Estimated rehab cost is $150,000.00. Estimated after rehab value is $750,000. Potential income from all 14 units is estimated at approximately $10,000 - $12,000/month. Professional pictures coming soon.
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067
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Carmi Real Estate
The median home value in Carmi, IL is $219,000. This is higher than the county median home value of $80,700. The national median home value is $338,100. The average price of homes sold in Carmi, IL is $219,000. Approximately 55.58% of Carmi homes are owned, compared to 27.52% rented, while 16.9% are vacant. Carmi real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Carmi real estate agent to arrange a tour today!
Carmi, Illinois has a population of 5,012. Carmi is less family-centric than the surrounding county with 17.41% of the households containing married families with children. The county average for households married with children is 23.64%.
The median household income in Carmi, Illinois is $47,128. The median household income for the surrounding county is $51,351 compared to the national median of $69,021. The median age of people living in Carmi is 44.1 years.
Carmi Weather
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 23.4 degrees. The average rainfall is approximately 46.4 inches per year, with 11.2 inches of snow per year.