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Property profile & analytics
OFF-MARKET
Commercial real estate
1820 Mckinley Ave Charleston, IL 61920-3646
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-3649532
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.44 ac (19,166 SF)
APN
02-2-14650-000
UPID
US28-3649532
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Christy's Hair Connection Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tbc Properties LLC · 1 yrs held
Tbc Properties LLC
since 2025
Last sale
$105,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charleston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$1,835
Tax year 2020
Assessed value
$30,617
Assessed 2023
Previous assessed
$30,111
+1.7% YoY
Effective rate
5.99%
On assessed value
Assessed land
$8,658
Assessed improvement
$21,959
Land market value
$25,974
Improvement market value
$65,877
Total market value
$91,851
Applied tax rate
2,003.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Lot
0.44 ac (19,166 SF)
APN
02-2-14650-000
UPID
US28-3649532
Jurisdiction
COLES
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
0.44 ac
Current owner
From public records · entity-resolved
Tbc Properties LLC
Entity
Mailing address
1820 MCKINLEY AVE, CHARLESTON, IL 61920-3646
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
$105,000
Tbc Properties LLC
Christy J Hite
Warranty Deed
$80,000 · Prospect Bank
Mar 24, 2017
$59,000
Christy J Hite
Lillian H Farkas
Warranty Deed
$64,000 · 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
$86,366 · First Mid Illinois Bank & Trust NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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