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33602993
33591213

1302 & 1306 Walnut Street, Murphysboro, IL 62966

Coldwell Banker Commercial
Listed by Coldwell Banker Commercial
$350,000
21 days on market
Updated 9 days ago

1302 & 1306 Walnut Street

Details
APN 1404376029
Property Type Retail
Sub Type Storefront, Retail/Stores
Square Footage 5,996
Units 2
Year Built 1931
Stories 2
Lot Size (SqFt) 3,680

Retail | 5,996 SqFt

Marketing description

Exceptional mixed-use investment opportunity in the heart of downtown Murphysboro! This unique offering consists of two sister buildings connected by a shared hallway that provides access to the upstairs residential units, creating a cohesive property with multiple income-producing opportunities under one ownership. The main level features two storefronts along Walnut Street, currently occupied by established long-term tenants, including a popular retail shop and a hair salon that have become staples of the local community. Upstairs, you'll find two beautifully maintained residential units full of character and charm. One unit currently operates as a furnished short-term rental, while the second is occupied by a long-term tenant, providing a combination of flexibility and dependable income. The current owners purchased the property in 2018 and completed an extensive renovation of both buildings, investing significant time and resources into preserving the historic character while modernizing the property for today's market. New roofs were also installed by Clover Roofing in fall of 2022. Their pride of ownership and commitment to the community are evident throughout, and they would love to see a new owner continue building on what they have created. The residential spaces offer a downtown loft-style atmosphere with vintage details, exposed character, and a welcoming retro feel that is increasingly difficult to find. Recent improvements, including a newer roof and updated HVAC systems, add value and peace of mind. An additional unfinished area within one of the buildings presents an opportunity to create another office suite, studio apartment, or efficiency rental for even more income potential. For an owner-occupant, this property presents a rare opportunity to live on-site while benefiting from multiple revenue streams generated by the commercial and residential units. Whether you're looking to invest in your living expenses, expand your investment portfolio, or own a landmark downtown property with room for future growth, this one-of-a-kind asset offers historic charm, strong income potential, and exciting possibilities for the next chapter.
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Coldwell Banker Commercial
Listed by Coldwell Banker Commercial

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Additional Information

Name
Rae Victoria Hanna
License
471022335
Brokerage
Coldwell Banker DHH Realty
Brokerage Phone
6183055950
Title
Designated Managing Broker
Brokerage Address
1517 Walnut Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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