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    915 Lincoln Ave Charleston, IL 61920

    Sponsored
    For Sale
    $298,000

    Prime Commercial Land, 27,000 SF, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional Charleston, Illinois commercial property presents a unique redevelopment opportunity. Located on Lincoln Avenue, a high-traffic thoroughfare boasting 16,000 cars daily according to IL DOT, this 27,000 square foot corner lot is zoned for commercial use. The property comprises four commercial parcels and offers significant potential for new business development. While currently featuring unoccupied buildings sold as-is, the seller makes no warranties regarding their condition. This presents a blank canvas for a visionary entrepreneur to create a thriving enterprise. The neighborhood is experiencing revitalization, making this an ideal location to capitalize on the area's growth. An additional 9,200 square foot parcel is available to the north for an additional $99,000, though this would necessitate a zoning change. The asking price for the 27,000 square foot lot is $298,000. This is a compelling investment in a dynamic and evolving commercial area. The property's address is 915 Lincoln Ave, Charleston, IL 61920.

    Property Features for 915 Lincoln Ave

    General Information

    Property type
    Land

    HighLights

    • 27,000 SF corner lot in Charleston, IL, zoned commercial.
    • High‑traffic location on Lincoln Ave (16,000+ cars daily per IL DOT).
    • Four commercial parcels included; sold as‑is.
    • $298,000 asking price.
    • Adjacent 9,200 SF parcel available for $99,000 (zoning change required).
    • Located at 915 Lincoln Ave, Charleston, IL 61920.
    Property Profile Location Intelligence

    Current Use by Public Records

    Central Christian Church Protestant Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Coles
    State
    Illinois
    Longitude
    -88.171464683466
    Latitude
    39.484461092899

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, 27,000 SF, High Traffic
    Where is this land located?
    The property is located at 915 Lincoln Ave Charleston, IL.
    What is the asking price?
    The asking price for this property is $298,000.
    What are key features of this property?
    This property features: 27,000 SF corner lot in Charleston, IL, zoned commercial.; High-traffic location on Lincoln Ave (16,000+ cars daily per IL DOT).; Four commercial parcels included; sold as-is.
    (217) 232-1115
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    915 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
    915 Lincoln Ave Charleston, IL 61920
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