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    1475 18Th St Charleston, IL 61920

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail land near Rural King.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.5-acre outlot presents a prime retail opportunity in Charleston, Illinois. Strategically located on the corner of 18th Street and Lincoln Avenue (State Route 16), this property benefits from high visibility and exceptional daily traffic counts exceeding 20,000 vehicles. The site is situated in a thriving retail corridor alongside established national and regional tenants including Rural King, Walmart, ALDI, Great Clips, and Maurices, ensuring strong consumer traffic and brand synergy. The Charleston-Mattoon micropolitan statistical area boasts a substantial trade-area population of 101,319, providing a large and accessible customer base. Furthermore, the property's proximity to Eastern Illinois University, the city's largest employer with an enrollment of 8,630 students, offers a significant additional source of potential customers. This single-tenancy land parcel in Coles County (zip code 61920) is ideally suited for a variety of retail uses, capitalizing on the robust local economy and high-traffic location. The address is 1475 18th Street, Charleston, IL. This is a rare opportunity to establish a presence in a dynamic and growing market.

    Property Features for 1475 18Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    0.75-AC Outlot
    Size
    0 SF

    HighLights

    • 0.5‑acre retail outlot in Charleston, IL, at 1475 18th Street.
    • High‑visibility corner lot on 18th Street and Lincoln Avenue (State Route 16), with over 20,000 vehicles daily.
    • Strong retail location near Rural King, Walmart, ALDI, Great Clips, and Maurices.
    • Serves a 101,319‑person trade area, including Eastern Illinois University (8,630 students).
    • Ideal for single‑tenant retail use in Coles County, zip code 61920.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rural King Guns Gun Shop Rural King Farm Equipment Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Coles
    State
    Illinois
    Longitude
    -88.1610039
    Latitude
    39.4856983

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    Nearby Similar for Lease

    • $14 SF/Yr
      30,144 SF

      Charleston Commons Restaurant Space

      Prime Restaurant Space, High Visibility, Ample Parking
      2106 Woodfall Dr, Charleston, IL 61920
      View Details
    • $10 SF/Yr
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      Charleston Retail Space For Rent

      Retail space available with ample parking and high visibility.
      2104-2194 Woodfall Dr, Charleston, IL 61920
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic retail land near Rural King.
    Where is this land located?
    The property is located at 1475 18Th St Charleston, IL.
    What are key features of this property?
    This property features: 0.5-acre retail outlot in Charleston, IL, at 1475 18th Street.; High-visibility corner lot on 18th Street and Lincoln Avenue (State Route 16), with over 20,000 vehicles daily.; Strong retail location near Rural King, Walmart, ALDI, Great Clips, and Maurices.
    Request Owner's contact information
    1475 18Th St 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
    1475 18Th St Charleston, IL 61920
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