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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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