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1031 Fairfax Street, Carlyle, IL, 62231

Prime Downtown Carlyle Investment Opportunity! This two-story mixed-use property, currently home to the well-established Schleicher’s Bar and Grill, offers a unique blend of business potential and residential comfort. The main level features a fully operational, turn-key bar and grill known for its delicious food and loyal customer base. All kitchen equipment is included, making it ideal for an aspiring restaurateur or seasoned operator. Upstairs, you’ll find a beautifully updated two-bedroom, one-bath apartment with a private exterior entrance. Appliances include; Gas Stove, S.S. fridge, Hot Water Heater & Washer/Dryer. Whether you choose to live on-site or rent it out, the apartment offers flexible use and the potential for approximately $14,000 in annual rental income. Located in the heart of downtown Carlyle, this property combines charm, visibility, and income-generating potential—all in one!

Subdivision: MIDDLE CARLYLE

List Price

$ 210,000

Status

Active

Days on market

0

MLS#

25049211

Bedrooms

0

Full baths

0

Subdivision

MIDDLE CARLYLE

County

Clinton-IL

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$5,254

Recent Nearby Sales in 62231

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
691 7th Street, Carlyle, IL 62231 3/1 1,368 $137,900 $137,000
99.3% of ask
Sep 1, 2026
20754 Emerald Road, Carlyle, IL 62231 3/2 2,052 $189,900 $180,000
94.8% of ask
Aug 19, 2026
870 Deer Circle Drive, Carlyle, IL 62231 0/0 -- $41,500 $39,000
94% of ask
Aug 19, 2026
16328 Stolletown Road, Carlyle, IL 62231 3/2 1,674 $414,900 $380,000
91.6% of ask
Aug 14, 2026
21104 4th Street, Carlyle, IL 62231 2/2 1,470 $219,900 $226,000
102.8% of ask
Aug 13, 2026
21169 Bunny Trail, Carlyle, IL 62231 0/0 -- $29,995 $24,000
80% of ask
Aug 11, 2026

Price & Listing History

Listed for sale
Jul 23, 2025 at $210,000
Current status: Active
As of Jul 1, 2026 · $210,000

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