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Listed by Melissa Richardson • NEXTHOME ARCTIC SUN
$595,000
Est. payment /mo
5,120 SqFt
Price Dropped by $30K
269 ILLINOIS STREET 261 Illinois St. Fairbanks, AK 99701
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Key Details
Property Type Commercial
Sub Type BUILDING
Listing Status Active
Purchase Type For Sale
Square Footage 5,120 sqft
Price per Sqft $116
Subdivision Ak
MLS Listing ID 159630
Year Built 1950
Lot Size 0.359 Acres
Acres 0.358792
Property Sub-Type BUILDING
Property Description
Exceptional opportunity in central Fairbanks! Located at the high-visibility intersection of Illinois Street and Phillips Field Road—one of the busiest thoroughfares in town with over 14,000 vehicles passing daily—this versatile commercial property offers a wide range of potential uses. Zoned Light Industrial and located within the Historic Overlay District, this 5,120 sq. ft. concrete block building sits on over half an acre (.62 acres) with two access points and ample paved parking (10+ spaces) plus additional parking space within the secured parking lot. Originally built in 1950 and once a well-known gas station, the building has a rich history in Fairbanks commerce. The gas pumps and canopy were removed in 1977, and the space was transitioned into a tire and wheel shop. Most recently, it served as a successful auto repair shop. The building layout includes a spacious shop area, dedicated office space, retail/showroom frontage, customer service areas, and dual restrooms. Large display windows are jeweler-grade plate glass, offering natural light and prominent exposure for retail or display needs. A delivery/truck door and inside storage area support flexible logistics for a variety of commercial uses. Heating is provided by a hot water baseboard system fueled by oil, with a supplemental pellet stove for added efficiency. Utilities include public water/sewer through Golden Heart Utilities and electric by GVEA. This is a rare chance to own a central Fairbanks commercial property with industrial utility, retail potential, and unbeatable traffic exposure that is priced below appraised value. Schedule your showing today—properties with this kind of history and flexibility don't come around often! OWNER FINANCING & LEASE OPTIONS AVALABLE
Location
State AK
Area North Fairbanks
Zoning Light Industrial District
Direction The property is located at the intersection of Phillips Field and Illinois Street. Building sits on the East side on Illinois Street.
Interior
Heating HOT WATER BASEBOARD, PELLET STOVE
Exterior
Total Parking Spaces 50