915 Lincoln AveCharleston, IL 61920

  • Commercial real estate
  • 0.11 AC
For Sale
$298,000 View listing

Property Details for 915 Lincoln Ave

Lot size
0.11 AC
Property type
Commercial real estate
APN
02-1-04783-000
APU
2104783000

Description

This exceptional Charleston, Illinois commercial property presents a unique redevelopment opportunity. Located on Lincoln Avenue, a high-traffic thoroughfare boasting 16,000 cars daily according to IL DOT, this 27,000 square foot corner lot is zoned for commercial use. The property comprises four commercial parcels and offers significant potential for new business development. While currently featuring unoccupied buildings sold as-is, the seller makes no warranties regarding their condition. This presents a blank canvas for a visionary entrepreneur to create a thriving enterprise. The neighborhood is experiencing revitalization, making this an ideal location to capitalize on the area's growth. An additional 9,200 square foot parcel is available to the north for an additional $99,000, though this would necessitate a zoning change. The asking price for the 27,000 square foot lot is $298,000. This is a compelling investment in a dynamic and evolving commercial area. The property's address is 915 Lincoln Ave, Charleston, IL 61920.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,338,368
    Hospitality
    $1,225,938
    Educational
    $1,019,966
    Medical
    $1,055,044
    Retail
    $1,586,614

Location Insight

City
Charleston
County
Coles
State
Illinois
Latitude
39.4846
Longitude
-88.1716
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
$4,898
$15,256
$40,473
$55,729
-
$45,768
$121,419
$167,187

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