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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    115 8th St, Murphysboro, IL 62966-2624

    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-2879287
    Property summary
    AI-generated overview

    This 9,800 square foot mixed-use building at 115 S. 8th St., Murphysboro, IL 62966, presents a unique investment opportunity. Currently vacant, this Class D, two-story structure previously served as a 16-unit apartment building. The property requires significant renovations, including electrical and plumbing repairs, and general cleanup due to vandalism. However, its prime downtown location offers substantial upside potential. The building's size and layout are adaptable to various uses, including larger apartments, suites, or office spaces. Its proximity to a private school, the county courthouse, other offices, and local restaurants adds to its appeal. The asking price is $98,500, making it an attractive proposition for investors seeking a fixer-upper with significant redevelopment possibilities. The property is owned by an LLC and is ready for immediate upgrades. This is a vacant building in a convenient downtown location. The building consists of one structure with a total of 9,800 square feet.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 14-04-394-011
    UPID US28-2879287
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Smooth Move Real Estate LLC · 1 yrs held
    Smooth Move Real Estate LLC
    since 2025
    Last sale
    $500
    4 recorded transactions
    2025
    $500
    2016
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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