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    1111 Walnut St Carbondale, IL 62901

    For Sale
    $145,000

    Prime location, high-traffic area, 5,520 sq ft

    Property size:
    5,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property, located at 1111 E Walnut in Carbondale, Illinois, presents a unique investment opportunity. The 5,520 square foot building, constructed in 1979 and renovated in 2004, boasts two units currently operating as one, but easily separable for individual sale or lease. Each unit includes a kitchen and bathroom, and the entire space benefits from vaulted ceilings, skylights, and abundant natural light. The property sits on a 0.05-acre lot and features new windows, a new roof, and approximately 47 shared parking spaces. Currently operating at 100% occupancy, the property generates a net operating income (NOI) of $3,000, resulting in a 2.07% cap rate. The asking price is $145,000, or $72,500 per unit. The property is zoned commercial and is situated in a high-traffic area amongst other professional businesses, including doctors and orthodontists. Association fees cover all exterior maintenance. This is an ideal investment for those seeking a profitable, well-maintained property in a desirable location. The property's current use as a salon demonstrates its adaptability and potential for various professional uses.

    Property Features for 1111 Walnut St

    General Information

    Property type
    Retail properties
    Square Feet
    5,520 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built/Renovated
    1979/2004
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • $145,000 asking price for a mixed‑use, 5,520 square foot executive office building in Carbondale, IL.
    • 100% occupancy with a 2.07% cap rate and $3,000 NOI.
    • Two units, each with a kitchen and bathroom, currently used as one, but can be purchased separately.
    • Located at 1111 E Walnut, Carbondale, IL 62901, on a 0.05‑acre lot.
    • Features include new windows, skylight, and roof; vaulted ceilings; and approximately 47 shared parking spaces.
    • Building was built in 1979 and renovated in 2004.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dogwood Dental Care Dentist Dr. Michael R. ... Dentist Harpreet Kaur, DDS Dentist Oral & Maxillofacial Surgery ... Oral And Maxillofacial Surgeon Billy B. Laun ... Oral And Maxillofacial Surgeon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.198789015582
    Latitude
    37.726796693793

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    FAQs

    What type of property is this?
    Retail property - Prime location, high-traffic area, 5,520 sq ft
    Where is this retail property located?
    The property is located at 1111 Walnut St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: $145,000 asking price for a mixed-use, 5,520 square foot executive office building in Carbondale, IL.; 100% occupancy with a 2.07% cap rate and $3,000 NOI.; Two units, each with a kitchen and bathroom, currently used as one, but can be purchased separately.
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    Carbondale, IL 62901
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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
    1111 Walnut St Carbondale, IL 62901
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