1012 14Th St, Murphysboro, IL 62966
This 3200 square foot commercial building located at 1012 N 14TH Street, Murphysboro, Illinois 62966, presents a fantastic opportunity for investors and entrepreneurs. Currently priced at $59,900, this property is being sold "AS IS" and offers significant potential for redevelopment. The building, which has been vacant for a period of time, requires some rehabilitation and tender loving care. However, this price point allows for substantial remodeling to suit individual needs and business plans. A key feature is the presence of two separate entrances, making it ideal for leasing to multiple tenants or creating distinct business spaces within the building. Ample parking is currently available, and there's potential to expand parking further by utilizing an adjacent vacant lot. The property is situated on a main thoroughfare in Murphysboro, offering excellent visibility and accessibility for any business. This is a rare opportunity to acquire a commercial property in a desirable location at an exceptionally attractive price. Don't miss out on this chance to transform this building into a thriving commercial space.
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
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.