747 State St Charleston, IL 61920
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.