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708 W Freeman Street Carbondale, IL 62901 Commercial - Business Active

  • 708 W Freeman Street, Carbondale, IL 62901 Main Photo

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Description

Bring your vision to 708 W. Freeman Street! This former 12-unit multifamily property presents a unique redevelopment opportunity in Carbondale. Following significant fire damage, the property underwent an extensive reconstruction effort, with substantial work already completed toward bringing the building back to life. Much of the interior has been taken back to the structure and rebuilt to its current stage, providing the next owner with an opportunity to complete the project to their own specifications rather than starting from scratch. The buildings existing layout was designed for 12 residential units and is complemented by approximately 15 off-street parking spaces. The property offers substantial square footage, an established multifamily configuration and considerable work already invested into the reconstruction process. At its current stage, this is an opportunity for an experienced investor, contractor or developer to acquire a large multifamily project and finish it according to their intended use. Property is being sold in its current, as-is condition and will require significant additional construction before occupancy. Buyer to independently verify zoning, permitted use, unit count, building condition, utilities, code requirements, permits and all requirements necessary to complete the property for buyers intended use.

Property Highlights

Property Type: Commercial - Business
Building Description: 3.0 stories
Available Sqft: 9600

General Information

County: Jackson
Listed By:
HOUSE 2 HOME REALTY Mobile: 618-663-5342
RMLSA
$200,000
Est. $1,389/mo
Active
SQUARE FEET9,600 MLS#PA1269369
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors

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708 W Freeman Street, Carbondale, IL 62901.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $200,000$200,000$200,000
Down Payment $40,000$7,000$50,000
Monthly Mortgage Amount $1,011$1,241$1,256
Taxes $278$278$278
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$88$0
Monthly Estimated Total $1,389$1,707$1,634

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