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    409 Walnut St Carbondale, IL 62901

    Sponsored
    For Sale
    $189,900

    High-traffic location, multi-use potential.

    Property size:
    4,483 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 4,483 square foot commercial property, situated on a generous 1.29-acre lot in Carbondale, Illinois, presents a unique investment opportunity. The property boasts a prime location along Highway 13 (also known as East Walnut Street), ensuring high visibility and significant traffic counts. Three existing buildings are currently on the site, offering flexibility for various development scenarios. Two of the structures are suitable for restoration into multi-family residential units, capitalizing on the area's demand for housing. The third building is well-suited for storage purposes. Alternatively, given the substantial lot size and desirable location, the property lends itself to complete redevelopment, allowing for the construction of a new structure tailored to specific needs. The property's accessibility is further enhanced by its convenient access from the highway and two adjacent side streets. Priced at $189,900, this property offers a compelling return on investment, whether through rehabilitation of existing structures or new construction. The high traffic count and prominent location make this an ideal opportunity for a savvy investor seeking a versatile commercial property with significant potential.

    Property Features for 409 Walnut St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,483 SF
    Lot Size
    56,192 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.21027
    Latitude
    37.72554

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, multi-use potential.
    Where is this commercial real estate located?
    The property is located at 409 Walnut St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $189,900.
    Request Owner's contact information
    409 Walnut St Carbondale, IL 62901
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    Carbondale, IL 62901
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    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
    409 Walnut St Carbondale, IL 62901
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