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Divisible Retail Space
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510 W Lincoln Ave, Charleston, IL 61920

Two shell-condition areas are available, with ownership open to dividing the larger space.

Space Size7,500 SF - 58,512 SF
Days on Market5

Property Features for 510 W Lincoln Ave

General Information

Standard status Active
Size 7,500 SF - 58,512 SF
Property subtype Retail

Spaces For Lease

at 510 W Lincoln Ave
Space Available $5 – $10/SF/Yr
Size 7,500-58,512 SF
Type Retail
Lease Type NNN
Sublease No
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Listing Agency: Coldwell Banker Commercial Devonshire Realty
Listed By: Zach Wetherell
Source: Commercialcafe
Added: Oct 7 Changed: Oct 8 Last Checked: Oct 9 at 4:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Devonshire Realty

Investment Insights

Based on property information with market context.

The retail offering includes two spaces in dark-shell condition. The larger area totals 58,512 SF, was formerly occupied by Walmart, and may be subdivided. It has 15′ to 16′10″ clear height, nine east-west column rows spaced 29′6″ apart, and five north-south rows spaced 30′8″ apart. One 8′w X 7′h dock door serves the space. Building systems include a 1,000-amp, 480-volt electrical service, 208-volt power at the transformer, HVAC, and fire sprinklers. A new roof is specified for 2026. The city would allow self-storage in this section of the building.

The second space contains 7,500 SF with 12′ to 13′ clear height. It has 90′ of frontage, an 80′ depth, and a 300 SF rear room. This area is also sprinklered and has HVAC and a new roof in 2026.

Key Highlights

  • 58,512 SF larger area; ownership may consider dividing it
  • Separate 7,500 SF space with 90′ frontage and 80′ depth
  • Clear height of 15′ to 16′10″ in the larger area; 12′ to 13′ in the smaller space

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Dental Office Spa & Massage Center Auto Parts Store Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

445
Businesses Nearby

Demographics for 61920, IL

20,847
Population
9,786
Households
2.1
Avg Household Size
34
Median Age
35%
College-Educated
93%
High-School Grad
148.3 sq mi
ZIP Area
141
Density / Sq Mi
$54,229
Median Household Income
$27,949
Median Earnings
$823
Median Rent
$144,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Two shell-condition areas are available, with ownership open to dividing the larger space.
Where is this retail space located?
The property is located at 510 W Lincoln Ave Charleston, IL.
What are key features of this property?
This property features: 58,512 SF larger area; ownership may consider dividing it; Separate 7,500 SF space with 90′ frontage and 80′ depth; Clear height of 15′ to 16′10″ in the larger area; 12′ to 13′ in the smaller space
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