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    528 W Lincoln Avenue

    Charleston, IL 61920
    • $4,487,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: 10942920
    UPDATED: 18 min ago
    $4,487,000
    • 0
      BEDS
    • 6.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 80,244
      SQFT
    • $56
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    Description

    80,244 SF Kroger Grocery Anchored Value-Add Center. Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces. 17% Upside In Leasing Up Remaining Vacant Spaces. National Credit Tenants. Kroger Corporate Guarantee: Operating As Ruler Foods (Just Renewed 5 Years). Outstanding Frontage & High Visibility Site. New Modified Bituminous Roof & Parapet Metal Cap (West Building). New Roof-Top HVAC UNITS (30 Units). New Stucco Facade (West Building). Re-Surface Entire East Building Roof. Internet Resistant. Located Just West of Eastern Illinois University Opportunity to Purchase Remaining Vacant Space East of Habitat for Humanity (47,000 SF), please contact me for more Details - NOT INCLUDED IN OFFERING PRICE. Situated on Major Retail Corridor Surrounded By Numerous National & Regional Retailers. Priced Well Below Replacement Cost ($55.92 Price Per SF). 9.0% Cap Rate

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    © 2021 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 BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-25T13:54:14.023 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: $4,487,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 10942920
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.44
    Acres
    80,244
    SQFT
    $56
    $/SQFT
    1970
    Built
    Neighborhood:
    Charleston
    County:
    Coles
    Area:
    Charleston
    Property Description
    80,244 SF Kroger Grocery Anchored Value-Add Center. Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces. 17% Upside In Leasing Up Remaining Vacant Spaces. National Credit Tenants. Kroger Corporate Guarantee: Operating As Ruler Foods (Just Renewed 5 Years). Outstanding Frontage & High Visibility Site. New Modified Bituminous Roof & Parapet Metal Cap (West Building). New Roof-Top HVAC UNITS (30 Units). New Stucco Facade (West Building). Re-Surface Entire East Building Roof. Internet Resistant. Located Just West of Eastern Illinois University Opportunity to Purchase Remaining Vacant Space East of Habitat for Humanity (47,000 SF), please contact me for more Details - NOT INCLUDED IN OFFERING PRICE. Situated on Major Retail Corridor Surrounded By Numerous National & Regional Retailers. Priced Well Below Replacement Cost ($55.92 Price Per SF). 9.0% Cap Rate
    Exterior Features

    Construction Materials BrickConcreteOther Foundation Details Concrete Perimeter Frontage Type City StreetSignal IntersectionState Road Location Central Business DistrictCorner Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking Over 100 SpacesLightedOpen

    Interior Features

    Cooling Central AirCentral Individual Electric Circuit BreakersSeparate Meters Fire Protection Ansul SystemFire Extinguisher/S Flooring Concrete Heat Ventilation Ceiling UnitsCentral Heat/Indiv ControlsForced AirGas Leasable Area 0 Miscellaneous Inside Handicapped AccessMulti-TenantPublic Restroom/S

    Property Features

    Additional Parcels YN Yes Cap Rate 9 Current Use Commercial Financial Amounts For Total Building Rental Yes Investment YN Yes Known Encumbrances None Known Lot Size Dimensions 210X100.6X30X491.7X314.6X130X28.3X177X111.8X177.4X334.6X113.8X360.5X491.7 Min Avail Sq Ft Rentable 0 Property Offered For Sale Only Tax Annual Amount 61358 Tax Year 2019 Tenant Pays Varies By Tenant Utilities Electric To SiteGas To SiteSanitary SewerWater To Site Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Adelphia Properties.


    © 2021 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 BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-25T13:54:14.023 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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