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    1306 Thelma Keller Ave Effingham, IL 62401

    • Commercial real estate
    • 10,240 SF
    • 0.62 lot acres
    For Sale
    View listing
    $1,800,000
    Value Estimation
    Last Sale
    Nov 29, 2023
    $1,056,500
    Location Intelligence
    Property ID
    US28-5171420
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1306 Thelma Keller Ave

    Lot size
    0.62 lot acres
    Property size
    10,240 SF
    Property type
    Commercial real estate
    APN
    03-11-018-082
    APU
    311018082

    Description

    This exceptional 10,240 square foot storefront property, located at 1306 Thelma Keller Ave in Effingham, Illinois (zip code 62401), presents a compelling investment opportunity. Currently available for sale at $1,800,000, it also offers lease options, including a triple net (NNN) lease at $12.00 per square foot, or a ground lease at $100,000 per year. The property boasts an existing loading dock and presents significant redevelopment potential. Its prime location directly in front of a Walmart Supercenter ensures high visibility and foot traffic. Strong co-tenancy includes well-known retailers such as Maurices, Hibbett Sports, Famous Footwear, Smoothie King, Kohl's, and Meijer. The property's convenient access, less than half a mile from the intersection of Interstates 57 and 70, further enhances its appeal. This is an ideal opportunity for investors seeking a high-traffic retail location with multiple development options in a thriving market. The property is classified as a single-tenancy retail storefront.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,065,000

    • CAP approach

      CAP return
      Estimation
      6%
      $935,000
      6.5%
      $975,000
      7%
      $1,030,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $965,000
      Geo Method
      $1,025,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $840,000
      Retail
      $995,000
      Mixed-Use
      $1,125,000
      Hospitality
      $1,075,000
      Educational
      $905,000
      Residential Income
      $905,000
      Energy
      $945,000
      Income-Based Land
      $935,000
      Food Service
      $1,015,000

    Location Insight

    • Map
    • Local Demand
    City
    Effingham
    County
    Effingham
    State
    Illinois
    Longitude
    -88.5652
    Latitude
    39.1409
    CBSA code
    20820
    CBSA name
    EFFINGHAM, 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
    2023
    $20,627
    $103,990
    $199,370
    $303,360
    -
    $311,970
    $598,110
    $910,080

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    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $22 SF/Yr
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      Retail Space Near Walmart Supercenter

      Retail space available in front of Walmart Supercenter.
      1304 Thelma Keller Ave, Effingham, IL 62401
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    • $4 SF/Yr
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      Retail Redevelopment Opportunity Available

      Retail space available for sale, lease, or build-to-suit.
      1306 Thelma Keller Ave, Effingham, IL 62401
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    Effingham, IL 62401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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