Bank Branch Retail
1709 Walnut Street, Murphysboro, IL 62966
For Sale
Contact for pricing
Bank branch property on a high-traffic corridor supporting dependable customer access.
Property Size4,500 SF
Price / SF$263.33
Days on Market143
Property Features for 1709 Walnut Street
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Additional Details
Traffic Count
Building Details
Year Built
Units
Tenancy
Listing Agency:
Cushman & Wakefield - Cincinnati, Ohio
Listed By:
Hank Davis · License OH SAL.2007004313
Source:
Crexi
Added: Jun 22
Changed: Nov 6
Last Checked: Nov 10 at 5:49AM
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 Cushman & Wakefield - Cincinnati, Ohio
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale bank branch property is a dedicated financial services location presented as a retail-style building. The offering includes a total building size of 4,500 square feet.
The branch is positioned along a well-trafficked corridor in Murphysboro, Illinois, the county seat of Jackson County. Public remarks indicate approximately 13,900 vehicles per day, supporting strong visibility and straightforward customer access for a local financial services presence.
For buyers seeking a single-tenant bank format or a financial services-anchored asset, the site’s established use as a branch location may simplify underwriting and tenant fit. Its positioning on a major commuting corridor is also relevant for customer-oriented operations that benefit from easy drive-by access.
The branch is positioned along a well-trafficked corridor in Murphysboro, Illinois, the county seat of Jackson County. Public remarks indicate approximately 13,900 vehicles per day, supporting strong visibility and straightforward customer access for a local financial services presence.
For buyers seeking a single-tenant bank format or a financial services-anchored asset, the site’s established use as a branch location may simplify underwriting and tenant fit. Its positioning on a major commuting corridor is also relevant for customer-oriented operations that benefit from easy drive-by access.
Key Highlights
- Bank branch property built in 1996
- Located in Murphysboro, Illinois (Jackson County seat)
- Positioned along a well‑trafficked corridor with approximately 13,900 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,750
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,000
$1.2M
Cap Rate 7%
$853,571
$853.6K
Cap Rate 9%
$663,889
$663.9K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$83.2K $18.48/SF
− Vacancy
−$3.5K −$0.78/SF
EGI
$79.7K $17.70/SF
− OpEx
−$19.9K −$4.43/SF
NOI
$59.8K $13.28/SF
Area
Jackson County, IL
Vacancy
4.20%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,000
Cap Rate 7%
$853,571
Cap Rate 9%
$663,889
Alternative Uses
Best Use
Specialty Retail
$853.6K
$746.9K – $995.8K
NOI $59,750 @ 7.0% cap · market cap 5.04%
Second Best
Retail
$776.0K
$679.0K – $905.3K
NOI $54,319 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,860 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
13,900 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Murphysboro
Shops & Services
11,900 visits/mo
0.4 miles
Huck's
Shops & Services
7,835 visits/mo
0.2 miles
SUBWAY
Dining
3,559 visits/mo
0.1 miles
Regions Bank
Shops & Services
2,797 visits/mo
0.3 miles
Demographics for 62966, IL
14,026
Population
7,125
Households
2
Avg Household Size
43
Median Age
23%
College-Educated
90%
High-School Grad
111.0 sq mi
ZIP Area
126
Density / Sq Mi
$54,242
Median Household Income
$32,109
Median Earnings
$681
Median Rent
$117,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - Bank branch property on a high-traffic corridor supporting dependable customer access.
Where is this bank located?
The property is located at 1709 Walnut Street Murphysboro, IL.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Bank branch property built in 1996; Located in Murphysboro, Illinois (Jackson County seat); Positioned along a well‑trafficked corridor with approximately 13,900 vehicles per day
