This exceptional 3,160 square foot freestanding former quick-service restaurant (QSR) presents a unique investment opportunity in Charleston, Illinois. Boasting a convenient drive-thru, the property sits on a sizable 1.32-acre lot, offering ample space for potential expansion or outdoor seating. Strategically located on Lincoln Avenue, a major thoroughfare with over 10,300 vehicles passing daily, this location ensures high visibility and significant foot traffic. The property benefits from exceptional tenant synergy, situated near established national brands such as Chick-fil-A, Starbucks, McDonald's, Taco Bell, Arby's, and Dunkin'. Its prime location as an outparcel at the signalized hard corner intersection of a Walmart Supercenter's entrance guarantees substantial crossover retail traffic from both Walmart and the ALDI grocery store across the street. Furthermore, its proximity to residential areas, including the 337-unit Campus Pointe Apartments and Eastern Illinois University (with over 7,000 students) just one mile away, provides a large and readily accessible customer base. The property's size, location, and existing infrastructure make it an ideal site for a variety of QSR concepts or other retail businesses seeking high visibility and strong consumer traffic in a thriving market. The Coles County location offers a stable and growing community, making this a compelling investment opportunity. The entire 3,160 square feet is currently vacant, providing immediate occupancy for a new tenant. The cross street is Hawthorne Drive.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$9,976,013
Hospitality
$9,137,975
Educational
$7,602,688
Medical
$7,864,156
Retail
$11,826,403
Location Insight
City
Charleston
County
Coles
State
Illinois
Latitude
39.4871
Longitude
-88.1549
CBSA code
16660
CBSA name
CHARLESTON-MATTOON, IL MICROPOLITAN STATISTICAL AREA
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Learn more
Useful Information
Request 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.
Message sent successfully
Error
Email this Information
Message sent successfully
Error
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.
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.