1475 18Th StCharleston, IL 61920

  • Other commercial real estate
  • 5.52 AC
For Lease

Property Details for 1475 18Th St

Lot size
5.52 AC
Property type
Other commercial real estate
APN
02-1-00594-000
APU
2100594000

Description

This exceptional 0.5-acre outlot presents a prime retail opportunity in Charleston, Illinois. Strategically located on the corner of 18th Street and Lincoln Avenue (State Route 16), this property benefits from high visibility and exceptional daily traffic counts exceeding 20,000 vehicles. The site is situated in a thriving retail corridor alongside established national and regional tenants including Rural King, Walmart, ALDI, Great Clips, and Maurices, 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 single-tenancy land parcel in Coles County (zip code 61920) is ideally suited for a variety of retail uses, capitalizing on the robust local economy and high-traffic location. The address is 1475 18th Street, Charleston, IL. This is a rare opportunity to establish a presence in a dynamic and growing market.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $67,155,976
    Hospitality
    $61,514,512
    Educational
    $51,179,352
    Medical
    $52,939,488
    Retail
    $79,612,320
1475 18Th St, Charleston, Illinois

Location Insight

City
Charleston
County
Coles
State
Illinois
Latitude
39.4856
Longitude
-88.1613
CBSA code
16660
CBSA name
CHARLESTON-MATTOON, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$31,037
$254,759
$98,374
$353,133
-
$764,277
$295,122
$1,059,399

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