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$ 350,000
Est. payment /mo
Active
1302 & 1306 Walnut ST Murphysboro, IL 62966
5,996 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 5,996 sqft
Price per Sqft $58
MLS Listing ID 12676055
Year Built 1931
Annual Tax Amount $1,617
Tax Year 2024
Lot Dimensions 80X46
Property Sub-Type Retail/Stores
Property 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.
Location
State IL
County Jackson
Area Murphysboro
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Structure Type Brick
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Listed by RAE HANNA of Coldwell Banker DHH Realty