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    1111 Walnut St Carbondale, IL 62901

    For Sale
    $145,000

    Prime Carbondale Commercial Land, $145k

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 1111 E WALNUT Street, Carbondale, IL 62901, presents a unique investment opportunity. The 1979-built building, fully renovated in 2004, sits on a commercial land parcel and offers approximately 1,000 square feet of professional space currently configured as a salon. The property features a new roof, new windows, and a skylight, contributing to a bright and spacious interior. The space includes two units, currently used as one, but easily adaptable for separate occupancy, each with its own kitchen and bathroom. Vaulted ceilings and skylights enhance the open feel. The property benefits from shared amenities including approximately 47 parking spaces and is situated in a high-traffic area alongside other medical and professional offices. Association fees cover all exterior maintenance. The asking price is $145,000, and property taxes reflect the assessment for both units. This is an ideal location for a variety of professional uses, offering a blend of established infrastructure and modern updates. The property's prime location and versatile layout make it a compelling investment opportunity in the thriving Carbondale market.

    Property Features for 1111 Walnut St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1979
    Buildings
    1
    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
    -89.1986222
    Latitude
    37.7264748

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    FAQs

    What type of property is this?
    Land - Prime Carbondale Commercial Land, $145k
    Where is this land 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.
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    1111 Walnut St Carbondale, IL 62901
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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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