Former Save-A-Lot
Positioned on a Signalized Hard Corner with Excellent Visibility & Access
Marketing description
For registration requirements and regulations, please review here or contact Bianca Diorio | 954-302-3810 | [email protected].
Former Save-A-Lot at 301 E Walnut St, Carbondale, IL 62901 presents a compelling opportunity to acquire an 18,634 SF vacant retail building on 1.3 acres at a signalized hard corner with outstanding visibility, frontage, and access. Positioned between Southern Illinois University’s approximately 12,000-student campus and Carbondale’s primary retail corridor, the property benefits from steady daily traffic, strong neighborhood support, and convenient access to major area thoroughfares. This well-maintained former grocer offers a large, highly adaptable footprint with ample parking, making it ideal for redevelopment, re-leasing, subdivision, adaptive reuse, or multi-tenant conversion. Zoned C, the site can accommodate a wide range of uses including retail, medical, fitness, entertainment, and service-oriented concepts. Surrounded by residential neighborhoods, apartments, national retailers, dining, healthcare, and university-driven demand, this asset is strategically positioned to attract both local and national tenants. For investors, developers, and owner-users seeking a value-add play in a stable Southern Illinois market, this high-profile corner location stands out as a rare repositioning opportunity!
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
301 E Walnut St, Carbondale, IL 62901
Investment highlights
- 18,000+ SF vacant retail building positioned on a signalized hard corner with excellent visibility and access
- Value add redevelopment or re leasing opportunity with flexibility for a wide range of retail, medical, fitness, entertainment, or service users
- Strategically located between a 12,000-student college campus and the area’s primary retail corridor, driving consistent daily traffic and consumer demand
- Well maintained building in good overall condition, minimizing upfront capital expenditures for future ownership
- Large footprint and parking field provide flexibility for subdivision, adaptive reuse, or multi tenant conversion
- Strong accessibility and frontage create an attractive opportunity for both local and national tenants
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