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    Lincoln Ave Charleston, IL 61920

    Sponsored
    For Sale
    $939,000

    High-traffic location, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 31.6-acre commercial land parcel presents a significant development opportunity in Charleston, Illinois. Strategically located just east of a Walmart Supercenter, this property boasts high visibility and accessibility. The site is zoned C-2 General Commercial, consistent with the zoning along Lincoln Avenue, ensuring a wide range of potential uses. The property's prime location offers convenient access to major thoroughfares including Hawthorne Drive, Bostic Drive, and Harrison at the intersection of Route 16, ensuring excellent traffic flow and exposure for any business. Currently comprised of three separate parcels (APN: 02-1-00469-000, 02-1-00469-001, 02-2-17084-000), the owner prefers to sell the entire tract as a single unit. This presents a unique chance to acquire a substantial land holding in a thriving commercial area. The expansive acreage allows for flexibility in development plans, with the potential for subdivision into multiple parcels to accommodate various business needs. The asking price for this exceptional property is $939,000. This is a rare opportunity to secure a large, well-located commercial land parcel in a growing market.

    Property Features for 0 Lincoln Ave

    General Information

    Property type
    Land
    Lot Size
    1,376,496 SF

    HighLights

    • 31.6‑acre commercial land parcel in Charleston, IL, ideal for development.
    • High‑visibility location near Walmart Supercenter.
    • C‑2 General Commercial zoning allows diverse uses.
    • Excellent access to major thoroughfares including Route 16.
    • Offered as a single unit (three parcels: 02‑1‑00469‑000, 02‑1‑00469‑001, 02‑2‑17084‑000).
    • $939,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Charleston
    County
    Coles
    State
    Illinois
    Longitude
    -88.153513742356
    Latitude
    39.488435582708

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    FAQs

    What type of property is this?
    Land - High-traffic location, ideal for development.
    Where is this land located?
    The property is located at Lincoln Ave Charleston, IL.
    What is the asking price?
    The asking price for this property is $939,000.
    What are key features of this property?
    This property features: 31.6-acre commercial land parcel in Charleston, IL, ideal for development.; High-visibility location near Walmart Supercenter.; C-2 General Commercial zoning allows diverse uses.
    (217) 232-1115
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    Lincoln Ave Charleston, IL 61920
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    Charleston, IL 61920
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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
    Lincoln Ave Charleston, IL 61920
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