550 E Industrial Park Rd - Storefront Retail/Office CONDO FOR SALE


Murphysboro, IL 62966
$595,000 USD
618-920-5700
550 E Industrial Park Rd, Murphysboro, IL for Sale
$595,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/6
null | 10.05% Cap Rate

550 E Industrial Park Rd
Murphysboro, IL 62966


HIGHLIGHTS

  • Company Owned Shadow Anchors on Both Ends of Center
  • 100% Tenancy
  • Leases have annual kickers

OVERVIEW

The remaining 12,350 sq. ft. of the 21, 050 sq. ft. Jackson Square shopping center is now available for an investor. It is shadow anchored at the north end by a company owned Kroger Foods (30,000± SF), at the south end by a company investor owned Rural King (49,600± SF), and a freestanding Dollar Tree built in 2019 on the Rural King periphery. Existing tenants include BoxDrop Mattress & Furniture, Sky Nails, H&R Block (opened in 2024), and Murphy Tobacco & Vape (opened in 2024). The 12,350 sq. ft. is fully leased with a NOI of approximately $60K per year. Each lease is gross with annual kickers. The south 8,700 sq. ft of the center that includes Silver Dollar Gaming, Quality Qutz, and Sergio's Mexican Bar & Grill (Owner/User) and the 4,500 sq. ft. building & adjacent undeveloped lot on the Jackson Square periphery were sold in August 2023. The 9+ acres south of the Rural King sold in 2024. Jackson Square is located on the northeastern edge of Murphysboro on IL State Highways 13 & 127. Two of the owners are licensees in the State of Illinois.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

10.05%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jackson Square Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

93,822 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

Commercial

APN/PARCEL ID

09-33-227-024

ASK ABOUT THIS PROPERTY

Craig HiserCMJP PropertiesMore Info
618-920-5700

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Craig HiserCMJP PropertiesMore Info
618-920-5700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.