Multi-Tenant Retail
715 N 14th Street Murphysboro, IL 62966
715 N 14th Street, Murphysboro, IL, 62966
$550,000
For Sale
$550,000
Multi-tenant building with an on-site laundromat plus Sweet Lou's Bakery and I Am Java Coffee House.
Property Size3,750 SF
Price / SF$146.67
Days on Market50
Property Features for 715 N 14th Street
General Information
- Standard status
- Active
- Size
- 3,750 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agency
RIVER 2 RIVER REALTY, INC.
(618) 924-2115
Listed by
Michelle Bennett
(618) 924-2115
Source
Shawneehillsrealestate
Added: Jun 2 Updated: Jul 21 at 10:07AM Checked: Jul 21 at 10:07AM
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 RIVER 2 RIVER REALTY, INC.
Investment Insights
Based on property information with market context.
This for-sale retail building includes three established operations under one roof: a laundromat with self-service laundry and wash-and-fold service, plus Sweet Lou's Bakery and I Am Java Coffee House. The laundromat provides approximately 2,240 square feet of operational space and includes a private 13x20 office that supports the wash-and-fold area, with room noted for expansion to add a drycleaning business and a bathroom. The laundromat sale is described as including all equipment.
On the other side of the building, the bakery and coffee house includes a 38x23 seating area and two bathrooms. The property remarks state both businesses are fully equipped and served the community for several years, with the current operators interested in remaining as tenants. The sale is also described as including attached items such as a new walk-in cooler, oven hood, and bar.
In addition to the building, the listing indicates the laundromat operation and the bakery/coffee house equipment are included as part of the offering, with financial information available to qualified buyers upon lender pre-approval or proof of funds.
On the other side of the building, the bakery and coffee house includes a 38x23 seating area and two bathrooms. The property remarks state both businesses are fully equipped and served the community for several years, with the current operators interested in remaining as tenants. The sale is also described as including attached items such as a new walk-in cooler, oven hood, and bar.
In addition to the building, the listing indicates the laundromat operation and the bakery/coffee house equipment are included as part of the offering, with financial information available to qualified buyers upon lender pre-approval or proof of funds.
Key Highlights
- 1940‑built multi‑tenant commercial building with an on‑site laundromat plus Sweet Lou's Bakery and I Am Java Coffee House
- Laundromat includes approx. 2,240 SF (40x56) of operational space plus a private 13x20 office for wash‑and‑fold
- Laundromat offers self‑service laundry and wash‑and‑fold services, with room to add drycleaning and a bathroom
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.3k | $18.48 |
| − Vacancy | −$2.9k | −$0.78 |
| EGI | $66.4k | $17.70 |
| − OpEx | −$16.6k | −$4.43 |
| NOI | $49.8k | $13.28 |
3,750 SF · lease $18.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$711.3K
$622.4K – $829.9K
NOI $49,792 @ 7.0% cap · market cap 9.05%
Second Best
Retail
$646.7K
$565.8K – $754.4K
NOI $45,266 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$1.02M
$894.4K – $1.19M
NOI $71,550 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coffee shops
Similar For Sale Nearby
Similar Off Market Nearby
- I AM Java Coffee House — 715 N 14th St, Murphysboro, IL 62966
- Cold Blooded Coffee & Roastery — 1318 Walnut St, Murphysboro, IL 62966
FAQs
What type of property is this?
Coffee shop - Multi-tenant building with an on-site laundromat plus Sweet Lou's Bakery and I Am Java Coffee House.
Where is this coffee shop located?
The property is located at 715 N 14th Street Murphysboro, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1940‑built multi‑tenant commercial building with an on‑site laundromat plus Sweet Lou's Bakery and I Am Java Coffee House; Laundromat includes approx. 2,240 SF (40x56) of operational space plus a private 13x20 office for wash‑and‑fold; Laundromat offers self‑service laundry and wash‑and‑fold services, with room to add drycleaning and a bathroom
