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About This Home
This 0-bedroom, 2-bathroom commercial at 269 Illinois Street in Fairbanks, AK is listed for $625,000 ($122 per sqft). Built in 1950, the home offers 5,120 sqft of living space on a 0.36 acres lot.
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
Key Features
- Built in 1950
- 0.36 acre lot
Property Details
Monthly Cost Estimate
$3,343/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
269 Illinois Street
Fairbanks, AK 99701
Questions & Answers
This 0-bedroom, 2-bathroom commercial at 269 Illinois Street is listed at $625,000 ($122/sqft). The estimated monthly payment is $2,708 based on 20% down at 6.5% interest.
Key features include: Built in 1950, 0.36 acre lot.
This property is listed by Melissa Richardson and can be reached at 9073882175 or MSRpropertiesAK@gmail.com.
