0 Lincoln Ave, Charleston, IL 61920
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.
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.