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    201 Walk Ave Effingham, IL 62401

    Sponsored
    For Sale
    Contact for pricing

    High-traffic location, divisible 2-acre lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail outlot opportunity is situated in Effingham, Illinois, at 201 Walk Ave, 62401, offering unparalleled visibility and accessibility. Located in conjunction with a thriving Rural King store on South Banker Street (US Route 45), this property benefits from the high daily traffic volume exceeding 12,000 vehicles. Its strategic location provides easy access to major transportation arteries, being only two miles from the intersection of Interstate 70 and Interstate 57. The site boasts a strong demographic profile, serving a population exceeding 50,000 within a 20-mile radius, with average household incomes approximating $80,000. The property consists of a two-acre parcel, which is divisible to accommodate various development needs. This presents a unique chance for businesses seeking a prominent location within a robust and growing market. The site's high visibility, convenient access, and strong demographics make it an ideal location for a variety of retail uses. This is a prime opportunity to establish a successful business in a thriving community.

    Property Features for 201 Walk Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    87,120 SF

    HighLights

    • High‑visibility, two‑acre retail outlot in Effingham, IL, at 201 Walk Ave, 62401.
    • Located near a Rural King store on US Route 45, with over 12,000 vehicles daily.
    • Excellent access to I‑70 and I‑57 (two miles away).
    • Strong demographics: over 50,000 people within a 20‑mile radius, $80,000 average household income.
    • Divisible parcel to suit various development needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -88.54768261989
    Latitude
    39.086430568958

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, divisible 2-acre lot.
    Where is this individual retail property located?
    The property is located at 201 Walk Ave Effingham, IL.
    What are key features of this property?
    This property features: High-visibility, two-acre retail outlot in Effingham, IL, at 201 Walk Ave, 62401.; Located near a Rural King store on US Route 45, with over 12,000 vehicles daily.; Excellent access to I-70 and I-57 (two miles away).
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    201 Walk 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
    201 Walk Ave Effingham, IL 62401
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