Bank Branch Retail
For Sale
Contact for pricing
1709 Walnut Street, Murphysboro, IL 62966
Bank branch property on a high-traffic corridor supporting dependable customer access.
Property Size4,500 SF
Price / SF$263.33
Days on Market51
Property Features for 1709 Walnut Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$83,039
Additional Details
Traffic Count
13,900 vehicles/day
Building Details
Year Built
1996
Units
21
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Cincinnati, Ohio
Listed By:
Hank Davis · License #OH SAL.2007004313
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 10 at 3:41AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,750
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
13,900 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 33%
Hotels & Casinos 4%
McDonald's
Dining
22,864 visits/mo
0.1 miles
Circle K
Shops & Services
15,393 visits/mo
0.4 miles
Hardee's
Dining
7,573 visits/mo
0.1 miles
Holiday Inn Express
Hotels & Casinos
1,942 visits/mo
0.2 miles
Domino's Pizza
Dining
1,577 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
