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    401 Walnut St Carbondale, IL 62901

    For Sale
    Contact for pricing

    High-traffic location, 1932 SF, 20 parking spots

    Property size:
    1,932 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,932-square-foot retail property, located at 401 E Walnut St in Carbondale, Illinois, presents a unique investment opportunity. Situated on a 0.68-acre lot in Jackson County (zip code 62901), this former quick-service restaurant boasts a pre-existing drive-thru lane, though the restaurant infrastructure has been removed, offering a blank canvas for a variety of retail uses. The property benefits from high visibility and accessibility, situated on Walnut Street, a major thoroughfare with a daily traffic volume of 17,400 vehicles. Its strategic location offers unparalleled convenience, being less than one mile from Southern Illinois University Carbondale and just minutes away from SIH Memorial Hospital, the region's largest private employer, ensuring a consistent flow of potential customers. Ample parking is provided with 20 on-site spaces. This property is ideal for entrepreneurs seeking a well-positioned space with existing infrastructure and high traffic exposure in a thriving community. The property is for sale and ready for immediate occupancy. The latitude and longitude coordinates are 37.7254399 and -89.210955 respectively.

    Property Features for 401 Walnut St

    General Information

    Property type
    Retail properties
    Square Feet
    1,932 SF
    Lot Size
    29,621 SF

    HighLights

    • Former quick‑service restaurant (QSR) site with existing drive‑thru lane.
    • Less than one mile from Southern Illinois University Carbondale.
    • Minutes from SIH Memorial Hospital, the region's largest employer.
    • 20‑space parking lot.
    • High‑traffic location on Walnut Street (17,400 vehicles per day).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cash Store Loan Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.210955
    Latitude
    37.7254399

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, 1932 SF, 20 parking spots
    Where is this retail property located?
    The property is located at 401 Walnut St Carbondale, IL.
    What are key features of this property?
    This property features: Former quick-service restaurant (QSR) site with existing drive-thru lane.; Less than one mile from Southern Illinois University Carbondale.; Minutes from SIH Memorial Hospital, the region's largest employer.
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    401 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
    401 Walnut St Carbondale, IL 62901
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