1111 Walnut St Carbondale, IL 62901
- Retail properties
- 5,520 SF
- 0.05 lot acres
Current Use by Public Records
- Dogwood Dental Care / Dentist
- Dr. Michael R. Durr, DMD / Dentist
- Harpreet Kaur, DDS / Dentist
- Oral & Maxillofacial Surgery of Carbondale / Oral And Maxillofacial Surgeon
- Billy B. Laun II, DDS / Oral And Maxillofacial Surgeon
Property Details for 1111 Walnut St
- Year built
- 1979
- Lot size
- 0.05 lot acres
- Property size
- 5,520 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use property, located at 1111 E Walnut in Carbondale, Illinois, presents a unique investment opportunity. The 5,520 square foot building, constructed in 1979 and renovated in 2004, boasts two units currently operating as one, but easily separable for individual sale or lease. Each unit includes a kitchen and bathroom, and the entire space benefits from vaulted ceilings, skylights, and abundant natural light. The property sits on a 0.05-acre lot and features new windows, a new roof, and approximately 47 shared parking spaces. Currently operating at 100% occupancy, the property generates a net operating income (NOI) of $3,000, resulting in a 2.07% cap rate. The asking price is $145,000, or $72,500 per unit. The property is zoned commercial and is situated in a high-traffic area amongst other professional businesses, including doctors and orthodontists. Association fees cover all exterior maintenance. This is an ideal investment for those seeking a profitable, well-maintained property in a desirable location. The property's current use as a salon demonstrates its adaptability and potential for various professional uses.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carbondale
- County
- Jackson
- State
- Illinois
- Longitude
- -89.1988
- Latitude
- 37.7268
