Downtown Mixed-Use Building with
1302 Walnut St Murphysboro, IL 62966
New
1302 Walnut St, Murphysboro, IL, 62966
$350,000
For Sale
$350,000
Two storefronts on the main level with upstairs residential units in two connected buildings, plus an unfinished expansion area.
Days on Market3
Property Features for 1302 Walnut St
General Information
- Standard status
- Active
- Property subtype
- Other
Building Details
- Year Built
- 1931
Listing agency
Coldwell Banker DHH REALTY
(618) 305-5950
Listed by
Rae Hanna
Source
Commercialcafe
Added: Jul 20 Updated: Jul 21 at 2:44AM Checked: Jul 21 at 3:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker DHH REALTY
Investment Insights
Based on property information with market context.
This mixed-use property features two sister buildings connected by a shared hallway that provides access to the upstairs residential units. The main level offers two storefront spaces along Walnut Street, currently occupied by established long-term tenants. Upstairs, there are two residential units; one operates as a furnished short-term rental, while the other is occupied by a long-term tenant.
The current owners purchased the property in 2018 and completed an extensive renovation, preserving historic character while modernizing the buildings. New roofs were installed by Clover Roofing in fall of 2022, and the residential spaces include updates such as newer HVAC systems. An additional unfinished area within one of the buildings could be developed further to create additional income-producing space, such as an office suite, studio apartment, or efficiency rental.
Overall, the configuration provides multiple revenue streams under one ownership with storefront and residential components, supported by recent exterior and interior improvements.
The current owners purchased the property in 2018 and completed an extensive renovation, preserving historic character while modernizing the buildings. New roofs were installed by Clover Roofing in fall of 2022, and the residential spaces include updates such as newer HVAC systems. An additional unfinished area within one of the buildings could be developed further to create additional income-producing space, such as an office suite, studio apartment, or efficiency rental.
Overall, the configuration provides multiple revenue streams under one ownership with storefront and residential components, supported by recent exterior and interior improvements.
Key Highlights
- 1931‑built two‑building mixed‑use property in downtown Murphysboro with two sister buildings connected by a shared hallway
- Main level has two Walnut Street storefronts with long‑term tenants, including a retail shop and a hair salon
- Upstairs includes two residential units: one furnished short‑term rental and one long‑term tenant
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Mixed-use property - Two storefronts on the main level with upstairs residential units in two connected buildings, plus an unfinished expansion area.
Where is this mixed-use property located?
The property is located at 1302 Walnut St Murphysboro, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1931‑built two‑building mixed‑use property in downtown Murphysboro with two sister buildings connected by a shared hallway; Main level has two Walnut Street storefronts with long‑term tenants, including a retail shop and a hair salon; Upstairs includes two residential units: one furnished short‑term rental and one long‑term tenant
