Charleston, IL Real Estate Online Only Auction

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Description

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Charleston, IL Real Estate Online Only Auction

Closes Monday, April 13th, 2026, at 7pm CT

422 Madison Ave | Charleston, IL 61920

 

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Commercial – – Residential – – Warehouse – Retail

 

Located just 2 blocks from historic downtown Charleston, this high-traffic corner property offers excellent visibility and strong income potential. Ideal for investors or owner-operators seeking a business opportunity with rental income.

 

PIN # 02-2-11381-000

 

Property Highlights

 Main Level – Retail / Commercial/ Office Space

  • Approx. 3,200 sq. ft.
  • Double entry door
  • Drop ceiling
  • 2 bathrooms
  • Gas furnace
  • Central air
  • Electric hot water heater

 Warehouse / Garage Area / Maintenance

  • Approx. 2,225 sq. ft. (approx. 39’ x 57’)
  • 8’ x 8’ roll-up door
  • 14’ x 10’ roll-up garage door
  • Concrete floors throughout
  • 2 overhead gas furnaces
  • Gas hot water heater
  • Separate electric meter

 Upper-Level Apartments (2 Units)

  • Two (2) 1 Bedroom / 1 Bathroom units
  • Approx. 600 sq. ft. each
  • Separate electric meters
  • Gas furnace
  • Window A/C units

Utilities & Improvements

  • 4 electric meters
  • 2 gas meters (option to add a 3rd)
  • 1 water meter
  • Membrane roof replaced approximately 12–15 years ago

Investment Potential

  • Income-producing property
  • Multiple revenue streams (commercial + residential)
  • Excellent corner exposure along Route 130
  • Flexible use opportunity
  • Zoned C2
  • Property included in Central Area “Downtown” Tax Increment Redevelopment Project Area

Terms: 10% down day after auction close. Balance, possession and closing on or within 30 days. 2025 Real Estate prorated to date of closing. 5% Buyer premium will be added to final bid to establish sale price.

 

 

1. Retail/Warehouse/Investment Charleston,IL Real Est                                       

422 Madison Ave, Charleston, IL 61920 PIN # 02-2-11381-000 Located just 2 blocks from historic downtown Charleston, this high-traffic corner property offers excellent visibility and strong income potential. Ideal for investors or owner-operators seeking a business opportunity with rental income. Main Level – Retail / Commercial/ Office Space • Approx. 3,200 sq. ft. • Double entry door • Drop ceiling • 2 bathrooms • Gas furnace • Central air • Electric hot water heater Warehouse / Garage Area / Maintenance • Approx. 2,225 sq. ft. (approx. 39’ x 57’) • 8’ x 8’ roll-up door • 14’ x 10’ roll-up garage door • Concrete floors throughout • 2 overhead gas furnaces • Gas hot water heater • Separate electric meter Upper-Level Apartments (2 Units) • Two (2) 1 Bedroom / 1 Bathroom units • Approx. 600 sq. ft. each • Separate electric meters • Gas furnace • Window A/C units Utilities & Improvements • 4 electric meters • 2 gas meters (option to add a 3rd) • 1 water meter • Membrane roof replaced approximately 12–15 years ago Investment Potential • Income-producing property • Multiple revenue streams (commercial + residential) • Excellent corner exposure along Route 130 • Flexible use opportunity • Zoned C2 • Property included in Central Area “Downtown” Tax Increment Redevelopment Project Area Terms: 10% down day after auction close. Balance, possession and closing on or within 30 days. 2025 Real Estate prorated to date of closing. 5% Buyer premium will be added to final bid to establish sale price.

Auctioneer

Bauer Auction Service

2601 Lake Land Boulevard
Mattoon, IL 61938

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Phone Number
217-235-5795
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