201 Walk Ave Effingham, IL 62401
- Commercial real estate
- 79,796 SF
- 9.87 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 201 Walk Ave
- Year built
- 2001
- Lot size
- 9.87 lot acres
- Property size
- 79,796 SF
- Property type
- Commercial real estate
- APN
- 14-10-005-076
- APU
- 1410005076
Description
This exceptional commercial land opportunity presents a unique chance to establish a business in a high-traffic location adjacent to a thriving Rural King store in Effingham, Illinois. Situated at 201 Walk Ave, Effingham, IL 62401, this property offers over 2 acres of divisible land, ideal for a variety of commercial ventures. The site benefits from exceptional visibility and accessibility, with over 12,000 vehicles passing daily. Its strategic location provides easy access to major transportation arteries, being only two miles from the intersection of Interstate 70 and Interstate 57, ensuring convenient access for customers and employees. The surrounding area boasts a strong demographic profile, with a population exceeding 50,000 within a 20-mile radius and average household incomes of approximately $80,000. This presents a significant market for businesses seeking to tap into a robust consumer base. The property is zoned for commercial use and is ready for development. This is an unparalleled opportunity to capitalize on the established success of the neighboring Rural King and the strong economic conditions of the region. The land's size allows for flexibility in development plans, accommodating a range of commercial projects. Don't miss this chance to secure a prime location in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $805,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,085,000
- 6.5%
- $990,000
- 7%
- $1,090,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,035,000
- Geo Method
- $1,180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,020,000
- Retail
- $1,020,000
- Mixed-Use
- $1,210,000
- Hospitality
- $1,185,000
- Educational
- $885,000
- Residential Income
- $1,130,000
- Energy
- $1,145,000
- Income-Based Land
- $1,075,000
- Food Service
- $985,000
Location Insight
- Map
- Local Demand
- City
- Effingham
- County
- Effingham
- State
- Illinois
- Longitude
- -88.5461
- Latitude
- 39.0863
- CBSA code
- 20820
- CBSA name
- EFFINGHAM, IL MICROPOLITAN STATISTICAL AREA
