Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    900 Walnut St Carbondale, IL 62901

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Medical Space Available in Carbondale, IL

    Lot size:
    24,960 SF

    Property Features for 900 Walnut St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,960 SF
    Total Rate
    45760

    Spaces For Lease

    at 900 Walnut St, Carbondale, IL 62901 Contact us
    Unit Suite 8

    $22 /Mo

    Size
    2,258 SF
    Contact us
    Unit Suite 3

    $22 /Mo

    Size
    2,494 SF
    Contact us
    Unit Suite 6

    $22 /Mo

    Size
    2,629 SF
    Contact us
    Unit Suite 4

    $22 /Mo

    Size
    1,629 SF
    Contact us

    We can help!

    Listing Contact
    Charles Yeo
    Charles Yeo

    Listing Agency: Cornerstone Companies Inc Listing Agent: Charles Yeo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional medical office building, located at 900 E Walnut St in Carbondale, Illinois, presents a fantastic opportunity for healthcare professionals. The property boasts a total of 24,960 square feet, currently featuring multiple tenancies. There are four individual spaces immediately available, ranging in size from 1,629 to 2,629 square feet, providing flexibility for various medical practices. The building is situated in Jackson County, offering convenient access for patients and staff. The strategic location in Carbondale, IL, zip code 62901, ensures high visibility and accessibility within the community. With 4,752 square feet currently vacant, this presents a unique chance to establish or expand your medical practice in a well-maintained building. The property's classification as a medical office building speaks to its suitability for healthcare-related businesses. The multiple tenancy structure allows for a diverse range of medical services to coexist, creating a synergistic environment. This is an excellent opportunity to secure prime medical office space in a thriving Illinois community. The building's size and layout offer ample room for growth and expansion, making it an ideal investment for long-term success. Contact us today to learn more about this exceptional property and schedule a viewing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sunny Street Cafe Cafe & Coffee Shop Heartland Women's Healthcare Medical Clinic New Horizons OBGYN ... Physician Pediatric Group, LLC Pediatrician Jessica Kelley Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.2019122
    Latitude
    37.7271407

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Carbondale Mall

      Single retail unit in Carbondale's commercial district for lease.
      1130 E Main St, Carbondale, IL 62901
      View Details
    • Contact for pricing
      49,658 SF

      Carbondale Commercial Space Available

      Lease space available in Carbondale with flexible options.
      1308 W Main St, Carbondale, IL 62901
      View Details
    • $12 SF/Yr
      7,592 SF

      Retail Space on Main Street

      7,592 SF retail space with high visibility available for lease.
      1401 E Main St, Carbondale, IL 62901
      View Details
    • Contact for pricing
      87,120 SF

      Former Bank Building For Lease

      Move-in ready commercial building with drive-up windows and ample parking.
      216 E Main St, Carbondale, IL 62901
      View Details
    • Contact for pricing
      56,192 SF

      Prime Location Commercial Building

      5400 sq ft building in major shopping area.
      1125 E Main St, Carbondale, IL 62901
      View Details
    • Contact for pricing
      74,052 SF

      Prime Retail Location on Highway

      Two commercial buildings available for lease on a state highway.
      1345 E Main St, Carbondale, IL 62901
      View Details
    • Contact for pricing
      6,702 SF

      Carbondale Retail Center - Main St.

      Prime Retail Space, High Visibility, Ample Parking
      819 Main St, Carbondale, IL 62901
      View Details
    • Contact for pricing
      2,300 SF

      Prime Carbondale Retail Space

      Freestanding building, 2300 sq ft
      1040 Walnut St, Carbondale, IL 62901
      View Details
    • Contact for pricing
      691,484 SF

      University Mall: Retail Space Available

      Prime Carbondale Mall Space For Lease
      1237 Main St, Carbondale, IL 62902
      View Details
    • Contact for pricing
      1,932 SF

      Prime Carbondale Retail Space

      1,932 SF Retail Building - For Lease
      401 Walnut St, Carbondale, IL 62901
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Medical Space Available in Carbondale, IL
    Where is this medical office located?
    The property is located at 900 Walnut St Carbondale, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 24,960 square foot building.; Convenient location east of S Cedarview and E Walnut Streets.; Easy access to US-13 and Highway 51.
    (317) 288-9006 Call to check price and availability
    Request Owner's contact information
    900 Walnut St Carbondale, IL 62901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    900 Walnut St
    Carbondale, IL 62901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    900 Walnut St Carbondale, IL 62901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Charles Yeo
    Charles Yeo
    Real Estate License ID: RB14040478
    (317) 288-9006 (317) 841-9900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!