535 14Th St Murphysboro, IL 62966
- Commercial real estate
- 0.81 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 535 14Th St
- Lot size
- 0.81 lot acres
- Property type
- Commercial real estate
- APN
- 14-04-159-038
- APU
- 1404159038
Description
This exceptional 10,785-square-foot commercial building presents a remarkable investment opportunity in the thriving city of Murphysboro, Illinois. Situated on a 0.08-acre lot (150ft x 236ft) with an impressive 236 feet of road frontage on Business Route 13, this property boasts unparalleled visibility and accessibility. Currently configured as a successful auto repair facility and retail sales shop, the building offers immense flexibility for a variety of commercial uses. The existing setup includes all the necessary infrastructure for an auto repair business, which is available for purchase separately. The spacious layout allows for seamless adaptation to suit diverse business needs, from expanding existing operations to establishing entirely new ventures. The high-traffic location ensures significant exposure to potential customers, making this property an ideal choice for entrepreneurs seeking a prime commercial space with high return potential. The property's strategic location on a major thoroughfare guarantees excellent visibility and convenient access for both customers and employees. This is a rare opportunity to acquire a well-established commercial property with significant upside potential in a growing market. The combination of size, location, and existing infrastructure makes this an exceptional investment opportunity. Serious inquiries are encouraged to explore the full potential of this versatile commercial property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $230,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $255,000
- Mixed-Use
- $265,000
- Hospitality
- $210,000
- Educational
- $240,000
- Residential Income
- $275,000
- Energy
- $275,000
- Income-Based Land
- $250,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Murphysboro
- County
- Jackson
- State
- Illinois
- Longitude
- -89.3385
- Latitude
- 37.7698
- CBSA code
- 16060
- CBSA name
- CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA