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1329 Walnut St 14,609 SF Office Building Murphysboro, IL 62966 $650,000 ($44.49/SF) 1% Cap Rate
Investment Highlights
- Locally recognized as Old Elks Building
- Reception Hall up to 500 guests
Executive Summary
Historic Gem in the Heart of Murphysboro! A distinguished and historically significant building in downtown Murphysboro. Originally constructed in 1916 as the Murphysboro Elks Lodge, this stately property now serves as the Murphysboro Event Center - home to Rosie's Gaming. Locally, it is recognized as the "Old Elks Building" among Murphysboro's designated local landmarks. The property supports from intimate events to grand receptions for up to 500 guests. It includes a Lounge, Gaming machines, Full bar, Ballroom, and a renovated Great Hall, kitchens, lobbies, and an elevator. The building could also suit adaptive uses such as a banquet hall, performance venue, gallery or cultural center, conference space, or mixed-use development with retail and event programming. Business and building. This sale includes a gaming facility and leased building. Turnkey operation. A rare opportunity in downtown Murphysboro.
Property Facts
Sale Type
Investment
Property Type
Building Size
14,609 SF
Building Class
B
Year Built
1916
Price
$650,000
Price Per SF
$44.49
Cap Rate
1%
NOI
$6,500
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
3,652 SF
Building FAR
1.84
Lot Size
0.18 AC
Amenities
- 24 Hour Access
- Restaurant
- Reception
- Air Conditioning
- Balcony
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Rosie's Gaming
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Rosie's Gaming | - | - | - | - |
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 14-04-377-004 | Improvements Assessment | $91,715 |
| Land Assessment | $10,165 | Total Assessment | $101,880 |
Property Taxes
Parcel Number
14-04-377-004
Land Assessment
$10,165
Improvements Assessment
$91,715
Total Assessment
$101,880
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1329 Walnut St
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