Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1820 Mckinley Ave Charleston, IL 61920-3646
    Back to Search
    Property profile & analytics

    1820 Mckinley Ave, Charleston, IL 61920-3646

    View on Map
    • Commercial real estate
    • 0.44 lot acres
    Off-Market
    Last Sale Jun 11, 2025
    $105,000
    Property ID
    US28-3649532
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Christy's Hair Connection / Hair Salon

    Property Details for 1820 Mckinley Ave

    Lot size
    0.44 lot acres
    Property type
    Commercial real estate
    APN
    02-2-14650-000
    APU
    2214650000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 11, 2025 $105,000 Tbc Properties LLC Christy J Hite Warranty Deed $80k · Prospect Bank
    Mar 24, 2017 $59,000 Christy J Hite Lillian H Farkas Warranty Deed $64k · Washington Savings Bank
    Dec 3, 2013 $62,500 Lillian H Farkas First Mid Illinois Bank & Trust NA Warranty Deed —
    Jan 14, 2009 $47,000 Jordan Poe Ann Hudson Lee Warranty Deed $86k · First Mid Illinois Bank & Trust NA

    Description

    This 1,392 square foot single-tenant executive office space in Charleston, Illinois, is situated on a spacious 19,166 square foot lot and is priced to sell. The property, built in 1983, boasts a new roof (2019) and recent upgrades including plumbing, water heater, furnace, exterior paint, and a deck. The C-1 zoning allows for diverse uses, including retail, daycare, medical/dental offices, studios, or even a small restaurant. Previously a hair salon, some fixtures remain. The building features easy access to a 16-space parking lot, ensuring convenient access for clients and customers. This property presents a fantastic opportunity for entrepreneurs and businesses seeking a move-in ready space with significant potential. The building is a single-story structure with one building on the lot. The property is vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Coles
    State
    Illinois
    Longitude
    -88.1609
    Latitude
    39.4769
    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
    $1,835
    $8,658
    $21,959
    $30,617
    -
    $25,974
    $65,877
    $91,851

    Comparable in this City

    • Value Estimation by Request
      0.30 Acres

      1103 6Th St

      Multifamily properties
      1103 6Th St, Charleston, IL 61920
      View Details
    • Value Estimation by Request
      0.10 Acres

      309 Buchanan Ave

      COMMERCIAL (GENERAL)
      309 Buchanan Ave, Charleston, IL 61920
      View Details
    • Value Estimation by Request

      520 Jackson Ave

      COMMERCIAL (GENERAL)
      520 Jackson Ave, Charleston, IL 61920-2030
      View Details
    • Value Estimation by Request
      0.78 Acres

      651 Lincoln Ave

      COMMERCIAL (GENERAL)
      651 Lincoln Ave, Charleston, IL 61920-2445
      View Details
    • Value Estimation by Request
      0.47 Acres

      1627 Madison Ave

      COMMERCIAL (GENERAL)
      1627 Madison Ave, Charleston, IL 61920-1679
      View Details
    • Value Estimation by Request
      0.13 Acres

      325 Madison Ave

      COMMERCIAL (GENERAL)
      325 Madison Ave, Charleston, IL 61920-1447
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Student Housing Community Opportunity

      Three neighboring student housing communities near Eastern Illinois University.
      965 4Th St, Charleston, IL 61920
      View Details
    • Contact for pricing

      110 Acres Tillable Farmland

      110 acres of tillable farmland east of Charleston, Illinois.
      North County Rd. 1800 E, Charleston, IL 61920
      View Details
    • Contact for pricing
      3,160 SF

      Charleston, IL Former KFC Property

      Former KFC property with drive-thru in Charleston, Illinois.
      2310 Lincoln Ave, Charleston, IL 61920
      View Details
    • Contact for pricing

      Versatile Commercial Property in Charleston

      Adaptable commercial space suitable for medical, wellness, or professional use.
      1720 18Th St, Charleston, IL 61920
      View Details
    • Contact for pricing

      Available Land Lots For Sale

      Three land lots available for sale.
      2106 Woodfall Dr, Charleston, IL 61920
      View Details
    • Contact for pricing

      Income-Producing Multifamily Property Near EIU

      Two income properties near Eastern Illinois University, ideal for rentals.
      1103 6Th St, Charleston, IL 61920
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space with Ample Parking

      Vanilla box restaurant space with high visibility and ample parking.
      2106 Woodfall Dr, Charleston, IL 61920
      View Details
    • Contact for pricing
      4,800 SF

      Charleston Retail Space For Rent

      Retail space available with ample parking and high visibility.
      2104-2194 Woodfall Dr, Charleston, IL 61920
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1820 Mckinley Ave
    Charleston, IL 61920-3646
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1820 Mckinley Ave, Charleston, IL, 61920
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!