Mon. April 13th Charleston, IL Real Estate | Live and Online Auctions on HiBid.com

Online Only Auction Commercial - - Residential - - Warehouse - Retail Charleston, IL Real Estate Corner Location at Rt. 130 & Madison Ave Bidding Begins Closing: Monday, April 13th - - 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.