1051 Wall StCarbondale, IL 62901

Property Details for 1051 Wall St

Lot size

1.39 AC

Property type

Commercial real estate

APN

15-22-353-014

APU

1522353014

Description

This exceptional three-story brick and concrete building at 1051 S Wall Street, Carbondale, IL, presents a lucrative investment opportunity. Spanning 13,999 square feet on a 1.39-acre lot, the property boasts recently completed renovations, resulting in a virtually maintenance-free structure. The building offers a substantial amount of versatile space, ideal for a variety of commercial uses. 6,990 square feet are dedicated to remodeled retail space, ready for immediate occupancy. An additional 2,175 square feet of space is available for expansion of retail operations or use as storage. A separate 840-square-foot garage provides further storage options, while another 1,365 square feet of space is available for retail expansion. The lower level offers 3,469 square feet of storage. A significant income stream is generated from four rental units: three studio apartments (each 400 square feet with one bathroom) and one one-bedroom, one-bathroom apartment (570 square feet). These units share a large common area. A detached garage is also leased separately, adding to the property's rental income. The building's excellent location adjacent to Southern Illinois University, the downtown area, and major shopping centers ensures high visibility and accessibility, making it an ideal investment for both business owners and investors seeking strong rental returns. The property is offered at $795,000.

• Alternative Use

  Use

  Valuation

  Residential

  $15,841,461

  Hospitality

  $14,510,693

  Educational

  $12,072,726

  Medical

  $12,487,926

  Retail

  $18,779,796

Location Insight

City

Carbondale

County

Jackson

State

Illinois

Latitude

37.7164

Longitude

-89.2083

CBSA code

16060

CBSA name

CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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