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    OFF-MARKET
    Retail properties & Spaces

    301 Walnut St, Carbondale, IL 62901

    16,398 SF 1.3 ac lot Built 2005
    Property ID
    Property summary
    AI-generated overview

    This exceptional redevelopment opportunity presents a 16,398-square-foot vacant retail building situated on a 1.3-acre lot in Carbondale, Illinois. Built in 2005, this single-story structure boasts a prime corner location at 301 E Walnut St, 62901, offering maximum visibility and foot traffic. Previously operating as a Save-A-Lot, the property's versatile layout is suitable for a variety of retail uses, including convenience stores, grocery stores, or pharmacies. The asking price is $1,381,134, translating to a land value of $84 per square foot. Its strategic location offers significant advantages. Minutes from a major hospital and downtown Carbondale, the property benefits from proximity to Southern Illinois University, ensuring a substantial consumer base drawn from the university's student population and the surrounding community. The strong local demographics, with over 23,294 residents within a 3-mile radius, further enhance the property's investment potential. The expansive lot size presents excellent redevelopment possibilities for a buyer seeking to capitalize on this high-traffic location and robust local market. This is a rare chance to acquire a significant retail property in a thriving Illinois community.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2005
    Total area 16,398 SF
    Lot 1.3 ac (56,628 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Save A Lot Grocery & Convenience Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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