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    747 State St Charleston, IL 61920

    Sponsored
    For Sale
    $49,900

    0.92-acre lot, ready to build, all utilities.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.92-acre commercial/industrial lot is situated in Charleston, Illinois's desirable Northwest Business Park. Ideally located at 747 West State Street, zip code 61920, this property (Lot 2) presents a fantastic opportunity for immediate development. All utilities are readily available, simplifying the construction process and minimizing upfront costs. The lot is zoned for Light Industrial use, offering versatility for a range of businesses. The property's location is easily accessible, with directions provided as follows: travel west on Route 316 (West State Street) past the fairgrounds to the Northwest Business Park. The lot is conveniently located on the north side of State Street. This parcel offers significant potential, especially when considered in conjunction with the adjacent western lot, which would create a combined area of over two acres. The asking price for this prime piece of land is $49,900. Don't miss this chance to secure a strategic location for your next venture in a thriving business park.

    Property Features for 747 State St

    General Information

    Property type
    Land
    Lot Size
    40,075 SF

    HighLights

    • 0.92‑acre commercial/industrial lot in Charleston, IL's Northwest Business Park.
    • Located at 747 West State Street, zip code 61920.
    • Light Industrial zoning, all utilities available.
    • Easily accessible from Route 316 (West State Street).
    • $49,900 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.194795362081
    Latitude
    39.500544902193

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 0.92-acre lot, ready to build, all utilities.
    Where is this land located?
    The property is located at 747 State St Charleston, IL.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: 0.92-acre commercial/industrial lot in Charleston, IL's Northwest Business Park.; Located at 747 West State Street, zip code 61920.; Light Industrial zoning, all utilities available.
    Request Owner's contact information
    747 State 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
    747 State St Charleston, IL 61920
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