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    1306 Thelma Keller Ave Effingham, IL 62401

    For Lease
    $1,800,000

    Retail space available for sale, lease, or build-to-suit.

    Property size:
    10,240 SF
    Lot size:
    0.62 Acres

    Property Features for 1306 Thelma Keller Ave

    General Information

    Size
    10,240 SF
    Lot size
    0.62 Acres

    Source: LOCATION. Commercial Real Estate Agent Ben Weis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Redevelopment Opportunity Available

    A potential redevelopment opportunity is available. The property, located in front of a Walmart Supercenter, offers approximately 10,240 square feet. It is available for sale, lease, build-to-suit, or ground lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Effingham
    County
    Effingham
    State
    Illinois
    Longitude
    -88.5651554
    Latitude
    39.1409214

    Nearby Similar for Lease

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    • $22 SF/Yr
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      Retail Space Near Walmart Supercenter

      Retail space available in front of Walmart Supercenter.
      1304 Thelma Keller Ave, Effingham, IL 62401
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    • $18 SF/Yr
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      Versatile Space in Effingham, IL

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    • $4 SF/Yr
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    FAQs

    What type of property is this?
    Retail space - Retail space available for sale, lease, or build-to-suit.
    Where is this retail space located?
    The property is located at 1306 Thelma Keller Ave Effingham, IL.
    What are key features of this property?
    This property features: - Located in front of Walmart Supercenter; - Redevelopment opportunity; - 10,240 +/- SF available
    (314) 629-6532
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    Effingham, IL 62401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1306 Thelma Keller Ave Effingham, IL 62401
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