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    1306 Thelma Keller Ave Effingham, IL 62401

    Sponsored
    For Sale
    $1,800,000

    10,240 SF Retail Space - Excellent Location

    Property size:
    10,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,240 square foot storefront property, located at 1306 Thelma Keller Ave in Effingham, Illinois (zip code 62401), presents a compelling investment opportunity. Currently available for sale at $1,800,000, it also offers lease options, including a triple net (NNN) lease at $12.00 per square foot, or a ground lease at $100,000 per year. The property boasts an existing loading dock and presents significant redevelopment potential. Its prime location directly in front of a Walmart Supercenter ensures high visibility and foot traffic. Strong co-tenancy includes well-known retailers such as Maurices, Hibbett Sports, Famous Footwear, Smoothie King, Kohl's, and Meijer. The property's convenient access, less than half a mile from the intersection of Interstates 57 and 70, further enhances its appeal. This is an ideal opportunity for investors seeking a high-traffic retail location with multiple development options in a thriving market. The property is classified as a single-tenancy retail storefront.

    Property Features for 1306 Thelma Keller Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,240 SF

    HighLights

    • 10,240 SF available for sale, lease, build‑to‑suit, or ground lease.
    • Existing loading dock.
    • Redevelopment potential.
    • High‑traffic location adjacent to Walmart Supercenter.
    • Strong co‑tenancy including Maurices, Hibbett Sports, Famous Footwear, Smoothie King, Kohls, Walmart, and Meijer.
    • Less than 0.5 miles from I‑57 and I‑70.
    Property Profile 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
    -88.565155020308
    Latitude
    39.14054133827

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    FAQs

    What type of property is this?
    Individual retail property - 10,240 SF Retail Space - Excellent Location
    Where is this individual retail property located?
    The property is located at 1306 Thelma Keller Ave Effingham, IL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 10,240 SF available for sale, lease, build-to-suit, or ground lease.; Existing loading dock.; Redevelopment potential.
    Request Owner's contact information
    1306 Thelma Keller Ave Effingham, IL 62401
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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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