Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1329 Walnut St Murphysboro, IL 62966

    For Sale
    $650,000

    Commercial - Murphysboro, IL

    Property size:
    14,609 SF
    Days on Market:
    18
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 1329 Walnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    14-04-377-004
    Size
    14,609 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1916
    Flooring type
    Concrete, Tile, Wood
    Building materials
    Brick
    Architectural style
    Other

    REMAX Realty Central (618) 924-3644 [email protected]

    Listing agent Robert Davenport (618) 457-4663 License #471019751

    Listing date Nov 24, 2025

    MLS# EB460197 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Murphysboro Event Center For Sale

    This historically significant building, originally constructed in 1916 as the Murphysboro Elks Lodge, is located in downtown Murphysboro. Known locally as the “Old Elks Building” and recognized as one of Murphysboro’s designated local landmarks, the property currently operates as the Murphysboro Event Center, home to Rosie's Gaming. The 14,609 square foot property can support events ranging from intimate gatherings to grand receptions for up to 500 guests. It features a lounge, gaming machines, a full bar, a ballroom, and a renovated Great Hall, as well as kitchens, lobbies, and an elevator. The building could also suit adaptive uses such as a banquet hall, performance venue, gallery or cultural center, conference space, or mixed-use development with retail and event programming. The sale includes both the business and the building, offering a turnkey operation. This is a rare opportunity in downtown Murphysboro.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Murphysboro
    County
    Jackson
    State
    Illinois
    Longitude
    -89.337486
    Latitude
    37.764078

    Nearby Similar for Sale

    • $150,000
      14,000 SF

      Murphysboro Multi-Story Brick Building

      14,000 sq ft multi-story building on a corner lot.
      1501 Pine St, Murphysboro, IL 62966
      View Details
    • $199,000
      1,872 SF

      Murphysboro Duplex: Income Opportunity

      Well-maintained duplex near Route 13, ideal for investors.
      5559 Country Club Rd, Murphysboro, IL 62966
      View Details
    • $199,000
      3,360 SF

      Murphysboro Four-Unit Apartment Complex

      Four-unit apartment complex in Murphysboro, Illinois, fully rented.
      1408 Manning St, Murphysboro, IL 62966
      View Details
    • $109,000
      2,016 SF

      Murphysboro Residential Income Opportunity

      Two-unit residential income property in Murphysboro, Illinois, for sale.
      2202 Illinois Avenue Ext, Murphysboro, IL 62966
      View Details
    • $109,000
      2,016 SF

      Murphysboro Income-Generating Duplex For Sale

      Residential income property featuring two apartments with carports in Murphysboro.
      2202 Illinois Avenue Ext, Murphysboro, IL 62966
      View Details
    • $525,000
      13,580 SF

      Mixed-Use Investment Property Opportunity

      Income-generating property with apartments, storage units, and expansion potential.
      10543 State Hwy 149 Hwy, Murphysboro, IL 62966
      View Details

    FAQs

    What type of property is this?
    Storefront property - Historic building in downtown Murphysboro, home to Rosie's Gaming.
    Where is this storefront property located?
    The property is located at 1329 Walnut St Murphysboro, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Turnkey gaming facility and leased building included in sale.; - Historic building (Old Elks Building) and local landmark.; - Large event capacity: Accommodates up to 500 guests.
    (618) 457-4663
    Request Owner's contact information
    1329 Walnut St Murphysboro, IL 62966
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1329 Walnut St
    Murphysboro, IL 62966
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1329 Walnut St Murphysboro, IL 62966
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.