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    1475 18Th St Charleston, IL 61920

    Sponsored
    For Sale
    Contact for pricing

    High-traffic outlot near Rural King.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.5-acre commercial land parcel presents a unique investment opportunity in Charleston, Illinois. Strategically located on the corner of 18th Street and Lincoln Avenue (State Route 16), this site benefits from high visibility and exceptional daily traffic counts exceeding 20,000 vehicles. The property is situated in a thriving retail corridor alongside established businesses such as Rural King, Walmart, ALDI, and Great Clips, 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 prime location offers excellent potential for a variety of commercial uses, capitalizing on the robust local economy and high traffic volume. The 0.5-acre lot provides ample space for development, making it an ideal opportunity for businesses seeking a prominent presence in a dynamic market. This is a rare chance to secure a highly visible and well-located commercial property in a growing community.

    Property Features for 1475 18Th St

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • 0.5‑acre commercial outlot available in Charleston, IL.
    • High‑traffic location at 18th Street and Lincoln Avenue (State Route 16), exceeding 20,000 vehicles daily.
    • Strong retail synergy with nearby national retailers including Walmart, ALDI, and Great Clips.
    • Located near Eastern Illinois University, a major employer with over 8,600 students.
    • Serves a substantial trade area population of 101,319 within the Charleston‑Mattoon micropolitan statistical area.
    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
    -88.162935398851
    Latitude
    39.485403553613

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    FAQs

    What type of property is this?
    Land - High-traffic outlot 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 commercial outlot available in Charleston, IL.; High-traffic location at 18th Street and Lincoln Avenue (State Route 16), exceeding 20,000 vehicles daily.; Strong retail synergy with nearby national retailers including Walmart, ALDI, and Great Clips.
    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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