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    201 Walk Ave Effingham, IL 62401

    For Lease
    Contact for pricing

    Prime Commercial Land Near Rural King

    Lot size:
    87,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land opportunity presents a unique chance to establish a business in a high-traffic location adjacent to a thriving Rural King store in Effingham, Illinois. Situated at 201 Walk Ave, Effingham, IL 62401, this property offers over 2 acres of divisible land, ideal for a variety of commercial ventures. The site benefits from exceptional visibility and accessibility, with over 12,000 vehicles passing daily. Its strategic location provides easy access to major transportation arteries, being only two miles from the intersection of Interstate 70 and Interstate 57, ensuring convenient access for customers and employees. The surrounding area boasts a strong demographic profile, with a population exceeding 50,000 within a 20-mile radius and average household incomes of approximately $80,000. This presents a significant market for businesses seeking to tap into a robust consumer base. The property is zoned for commercial use and is ready for development. This is an unparalleled opportunity to capitalize on the established success of the neighboring Rural King and the strong economic conditions of the region. The land's size allows for flexibility in development plans, accommodating a range of commercial projects. Don't miss this chance to secure a prime location in a thriving market.

    Property Features for 201 Walk Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    87,120 SF

    Unit(s) available at that property

    Space
    Up to 2.5 AC
    Size
    87,120 SF

    HighLights

    • Over 2 acres of divisible commercial land in Effingham, IL.
    • High‑traffic location adjacent to a Rural King store, with over 12,000 vehicles passing daily.
    • Excellent visibility and accessibility, two miles from I‑70 and I‑57.
    • Strong demographics: Population exceeding 50,000 within 20 miles, average household income ~$80,000.
    • Zoned for commercial use and ready for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Effingham
    County
    Effingham
    State
    Illinois
    Longitude
    -88.547687119039
    Latitude
    39.086689790522

    Nearby Comparable

    • $4 SF/Yr
      193,650 SF

      Effingham Industrial Park Warehouse Space

      Subdividable warehouse space with heavy power and rail access.
      1200 W Niccum Ave, Effingham, IL 62401
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      Effingham Warehouse and Office Space

      329,804 SF office/warehouse on 17.7 acres available for lease.
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      Effingham Industrial Space Available

      25,000 square foot industrial space for lease in Effingham.
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      Versatile Space in Effingham, IL

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    • $22 SF/Yr
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      Retail Space Near Walmart Supercenter

      Retail space available in front of Walmart Supercenter.
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    • $1,800,000
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      Retail Redevelopment Opportunity Available

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

    • $4 SF/Yr
      193,650 SF

      Effingham Industrial Park Warehouse Space

      Subdividable warehouse space with heavy power and rail access.
      1200 W Niccum Ave, Effingham, IL 62401
      View Details
    • $3 SF/Yr
      329,804 SF

      Effingham Warehouse and Office Space

      329,804 SF office/warehouse on 17.7 acres available for lease.
      420 Industrial Ave, Effingham, IL 62401
      View Details
    • $22 SF/Yr
      1,562 SF

      Retail Space Near Walmart Supercenter

      Retail space available in front of Walmart Supercenter.
      1304 Thelma Keller Ave, Effingham, IL 62401
      View Details
    • $18 SF/Yr
      2,000 SF

      Versatile Space in Effingham, IL

      Adaptable space suitable for medical, office, or retail use.
      401 N Keller Dr, Effingham, IL 62401
      View Details
    • $4 SF/Yr
      25,000 SF

      Effingham Industrial Space Available

      25,000 square foot industrial space for lease in Effingham.
      1607 W Wernsing Ave, Effingham, IL 62401
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land Near Rural King
    Where is this land located?
    The property is located at 201 Walk Ave Effingham, IL.
    What are key features of this property?
    This property features: Over 2 acres of divisible commercial land in Effingham, IL.; High-traffic location adjacent to a Rural King store, with over 12,000 vehicles passing daily.; Excellent visibility and accessibility, two miles from I-70 and I-57.
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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
    201 Walk Ave Effingham, IL 62401
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