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    418 14Th St Murphysboro, IL 62966

    Sponsored
    For Sale
    $154,900

    Three Buildings, Endless Potential, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Murphysboro, IL commercial property at 418 N 14TH Street, zip code 62966, presents a unique investment opportunity. Priced at $154,900, this offering encompasses three separate buildings on a single parcel of land, providing diverse income streams and development potential. The property's configuration includes a former retail storefront featuring ample space, previously utilized by multiple vendors. A fully equipped commercial kitchen is located at the rear of the main building, adding significant versatility. An income-producing apartment is also included, enhancing the property's overall return on investment. The property's strategic location near the downtown area ensures high visibility and significant foot traffic, maximizing exposure for any business venture. The existing structures offer immediate income potential, while the land itself presents opportunities for expansion or redevelopment. This property is ideal for entrepreneurs seeking a multi-faceted investment with immediate returns and long-term growth potential. The property is located in Jackson County, Illinois, at latitude 37.7684339 and longitude -89.3377956. This is a rare chance to acquire a well-situated, multi-building commercial property in a thriving Illinois community.

    Property Features for 418 14Th St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Buildings
    3

    HighLights

    • Multi‑building commercial property in Murphysboro, IL (62966) for $154,900.
    • Three buildings on one parcel offer diverse income streams and development potential.
    • Includes a former retail storefront, a fully equipped commercial kitchen, and an income‑producing apartment.
    • Prime downtown location ensures high visibility and foot traffic.
    • Offers immediate income and long‑term growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Murphysboro
    County
    Jackson
    State
    Illinois
    Longitude
    -89.3377956
    Latitude
    37.7684339

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    FAQs

    What type of property is this?
    Office Property / Space - Three Buildings, Endless Potential, High Traffic
    Where is this office property / space located?
    The property is located at 418 14Th St Murphysboro, IL.
    What is the asking price?
    The asking price for this property is $154,900.
    What are key features of this property?
    This property features: Multi-building commercial property in Murphysboro, IL (62966) for $154,900.; Three buildings on one parcel offer diverse income streams and development potential.; Includes a former retail storefront, a fully equipped commercial kitchen, and an income-producing apartment.
    Request Owner's contact information
    418 14Th St Murphysboro, IL 62966
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    Murphysboro, IL 62966
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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
    418 14Th St Murphysboro, IL 62966
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