301 Walnut St Carbondale, IL 62901
- Retail properties
- 16,398 SF
- 1.30 lot acres
Current Use by Public Records
- Save A Lot / Grocery Store / Discount Supermarket
Property Details for 301 Walnut St
- Year built
- 2005
- Lot size
- 1.30 lot acres
- Property size
- 16,398 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carbondale
- County
- Jackson
- State
- Illinois
- Longitude
- -89.2129
- Latitude
- 37.7251
