1051 Wall St Carbondale, IL 62901

This exceptional mixed-use property at 1051 S Wall St, Carbondale, IL 62901, presents a compelling investment opportunity. The 13,999 square foot building, constructed in 1933 and situated on a 1.39-acre lot, boasts a blend of retail, office, and multifamily spaces. Currently, the property features approximately 6,990 square feet of finished retail space, 2,175 square feet of expandable retail or storage space, 3,469 square feet of lower-level storage, and 1,365 square feet of additional expandable retail area. Four apartments, currently utilized as Airbnbs, occupy the third floor. The property includes 25 parking spaces and is zoned SB. With two buildings and three stories, this property offers significant flexibility for various uses. The asking price is $795,000, representing a price per square foot of $53.46 and a compelling 12.80% cap rate. Currently, the occupancy rate is 50%, with a two-year lease term in place. This beautifully renovated property offers substantial potential for increased revenue and return on investment. The property's prime location in Carbondale, Illinois, ensures high visibility and accessibility. The flexible layout allows for customization to suit diverse business needs, making it an ideal investment for both seasoned and emerging investors. The property's history as a former industrial building, now transformed into upscale office and retail space, speaks to its adaptability and enduring appeal. This is a rare opportunity to acquire a substantial mixed-use property in a thriving market.