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528 W Lincoln Avenue

Charleston, IL 61920
  • $4,600,000
  • STATUS: Active
  • ON SITE: 106 Days
  • MLS #: 11393445
UPDATED: 47 min ago
$4,600,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1982
County:
Area:

School Ratings & Info

Description

69,338 SF KROGER GROCERY ANCHORED VALUE-ADD CENTER. 85.35% Occupied Retail Center. Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces. National Credit Tenants in Place. Kroger Corporate Guarantee: Operating As Ruler Foods. Outstanding Frontage & High Visibility Site. Multiple Easy Points of Ingress & Egress. Well Maintained Building w/ Recent Renovations in 2020. New Modified Bituminous Roof & Parapet Metal Cap (West Building) - 20 Yr Warranty. 30 New Roof-Top HVAC UNITS. New Stucco Facade (West Building). Re-Surface Entire East Building Roof - 20 Yr Warranty. Repaved Rear Service Drive. Internet Resistant. Located Just West of Eastern Illinois University. Situated on Major Retail Corridor Surrounded By Numerous National & Regional Retailers. Nearby I-57 & Coles County Memorial Airport. Priced Well Below Replacement Cost @ $66.34 Price Per SF!!! Priced to Sell @ 8.4% Cap Rate!!!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2022-08-19T15:02:33.243 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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528 W Lincoln Avenue Charleston, IL 61920

  • Price: $4,600,000
  • Status: Active
  • On Site: 106 Days
  • Updated: 47 min ago
  • MLS #: 11393445
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1982
Built
Neighborhood:
Charleston
County:
Coles
Area:
Charleston
Property Description
69,338 SF KROGER GROCERY ANCHORED VALUE-ADD CENTER. 85.35% Occupied Retail Center. Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces. National Credit Tenants in Place. Kroger Corporate Guarantee: Operating As Ruler Foods. Outstanding Frontage & High Visibility Site. Multiple Easy Points of Ingress & Egress. Well Maintained Building w/ Recent Renovations in 2020. New Modified Bituminous Roof & Parapet Metal Cap (West Building) - 20 Yr Warranty. 30 New Roof-Top HVAC UNITS. New Stucco Facade (West Building). Re-Surface Entire East Building Roof - 20 Yr Warranty. Repaved Rear Service Drive. Internet Resistant. Located Just West of Eastern Illinois University. Situated on Major Retail Corridor Surrounded By Numerous National & Regional Retailers. Nearby I-57 & Coles County Memorial Airport. Priced Well Below Replacement Cost @ $66.34 Price Per SF!!! Priced to Sell @ 8.4% Cap Rate!!!
Exterior Features

Exterior Building Type BrickEifs (E.G. Dryvit). Foundation Details Concrete Perimeter Frontage Type City StreetSignal IntersectionState Road Outdoor Parking Over 100 SpacesLightedOpen

Interior Features

Cooling Central AirCentral Individual Flooring Concrete Heat Ventilation Ceiling UnitsCentral Heat/Indiv ControlsForced AirGas Miscellaneous Inside Handicapped AccessMulti-TenantPublic Restroom/S Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Building Area Total 69338 Current Use Commercial Electric Circuit BreakersSeparate Meters Fire Protection Ansul SystemFire Extinguisher/S Leasable Area 0 Location Central Business DistrictCorner Mls Actual Status Active Net Operating Income 386115 Property Offered For Sale Only Tax Annual Amount 63882 Tax Year 2020 Tenant Pays Varies By Tenant Township Charleston Type Retail/Stores Utilities Electric To SiteGas To SiteSanitary SewerWater To Site Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Adelphia Properties.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2022-08-19T15:02:33.243 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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