Property profile

0 Lincoln Ave Charleston, IL 61920

OFF-MARKET
Land
31.6 ac lot
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Property summary

AI-generated overview

This exceptional 31.6-acre commercial land parcel presents a significant development opportunity in Charleston, Illinois. Strategically located just east of a Walmart Supercenter, this property boasts high visibility and accessibility. The site is zoned C-2 General Commercial, consistent with the zoning along Lincoln Avenue, ensuring a wide range of potential uses. The property's prime location offers convenient access to major thoroughfares including Hawthorne Drive, Bostic Drive, and Harrison at the intersection of Route 16, ensuring excellent traffic flow and exposure for any business. Currently comprised of three separate parcels (APN: 02-1-00469-000, 02-1-00469-001, 02-2-17084-000), the owner prefers to sell the entire tract as a single unit. This presents a unique chance to acquire a substantial land holding in a thriving commercial area. The expansive acreage allows for flexibility in development plans, with the potential for subdivision into multiple parcels to accommodate various business needs. The asking price for this exceptional property is $939,000. This is a rare opportunity to secure a large, well-located commercial land parcel in a growing market.

Property profile

Verified
Property type Land
Lot 31.6 ac (1,376,496 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Lincoln Ave Charleston, IL 61920
Charleston metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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