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$350,000 Just Listed
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. 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.
Full Property Details
Full Property Details for 1302 & 1306 Walnut St
General
- Price: $350,000
- Taxes: $1,617 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12676055
- Updated: 6/12/2026
- Added to Site: 4 day(s) ago
Interior
- Interior Features: Multi-Tenant, Public Restroom(s), Basement, Furnished Units Available, Laundry Room
Location
- Area: Murphysboro
- County: Jackson
- Driving Directions: located on Walnut Street in Murphysboro
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Block, Concrete Perimeter
- Stories/Levels: 2
- Square Feet: 5,996
- Current Bldg. Use: Commercial
- Year Built: 1931
Unit Information
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,680
- Lot Dimensions: 80 x 46
- Frontage: City Street, Frontage Road, Public Road, State Road
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assoc Fee Freq.: Annually
- Assessment Year: 1931
- Tax Amount: $1,617.56
- Tax Year: 2024
Disclosures and Reports
- Property ID: 1404376029
Listed by Coldwell Banker DHH Realty
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Schools
Schools serving 1302 & 1306 Walnut St
School District:Murphysboro Community Unit School District 186
| Name | Grades | Distance |
|---|---|---|
Carruthers Elementary School 80 Candy Lane, Murphysboro, IL 62966 | 3-5 | 1.1 mi |
Gen John A Logan Attendance Center 320 Watson Road, Murphysboro, IL 62966 | K-2 | 2.2 mi |
Murphysboro Middle School 2125 Spruce Street, Murphysboro, IL 62966 | 6-8 | 0.7 mi |
Murphysboro High School 50 Blackwood Drive, Murphysboro, IL 62966 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1302 & 1306 Walnut St
Date
Details
Price
Change
Source
6/12/2026
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Estimate the Cost for 1302 & 1306 Walnut St
1302 & 1306 Walnut Street, Murphysboro, IL 62966 (MLS# 12676055) is a Commercial property. 1302 & 1306 Walnut Street is currently listed for $350,000 and was received on June 12, 2026. Want to learn more about 1302 & 1306 Walnut Street? Do you have questions about finding other Commercial real estate for sale in Murphysboro? You can browse all Murphysboro real estate or contact a Coldwell Banker agent to request more information.