Share This Listing

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

1329 Walnut St 14,609 SF Office Building Murphysboro, IL 62966 $650,000 ($44.49/SF) 1% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

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
Office
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 - - - -
Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
14-04-377-004
Land Assessment
$10,165
Improvements Assessment
$91,715
Total Assessment
$101,880
  • Listing ID: 39340671

  • Date on Market: 2/5/2026

  • Last Updated:

  • Address: 1329 Walnut St, Murphysboro, IL 62966

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}