Online Only Auction

Commercial – – Residential – – Warehouse – Retail

 Charleston, IL Real Estate

Corner Location at Rt. 130 & Madison Ave

Bidding Begins Closing: Monday, April 13^th – – 7:00PM

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.

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.