301 Walnut St, Carbondale, IL 62901
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.
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Save A Lot Grocery & Convenience Store Food Market
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.