1475 18Th St Charleston, IL 61920
- Commercial real estate
- 5.52 lot acres
Current Use by Public Records
- Rural King Guns / Gun Shop
- Rural King / Farm Equipment Supplier
Property Details for 1475 18Th St
- Lot size
- 5.52 lot acres
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $390,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $455,000
- 6.5%
- $455,000
- 7%
- $480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $490,000
- Mixed-Use
- $430,000
- Hospitality
- $455,000
- Educational
- $415,000
- Residential Income
- $380,000
- Energy
- $390,000
- Income-Based Land
- $485,000
- Food Service
- $465,000
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Coles
- State
- Illinois
- Longitude
- -88.1613
- Latitude
- 39.4856
- CBSA code
- 16660
- CBSA name
- CHARLESTON-MATTOON, IL MICROPOLITAN STATISTICAL AREA