Charleston, Illinois Commercial Real Estate 13 Listings

Charleston, Illinois: A Premier Destination for Commercial Real Estate

Introduction

Charleston, Illinois, though a smaller city with a population of approximately 20,000, presents a compelling case for commercial real estate (CRE) investment. Known for its robust educational sector, anchored by Eastern Illinois University, the city is a hub for economic activities, particularly in education, healthcare, and retail. Its strategic location in the heart of Illinois offers unique advantages for commercial property development, particularly in office and retail spaces.

Economic and Industry Overview

Charleston’s economy is significantly influenced by its educational institutions and healthcare providers. The presence of Eastern Illinois University not only fuels demand for multifamily commercial properties but also supports the local retail and service sectors. The healthcare industry, with significant employers like Sarah Bush Lincoln Health Center, further drives demand for office and medical spaces.

The Coles County Economic Development agency actively promotes business growth through initiatives that support local businesses and attract new industries, enhancing the commercial real estate landscape.

Strategic Location and Transportation Infrastructure

Charleston is strategically located with access to major transportation networks. The city is serviced by Interstate 57, providing seamless connectivity to Chicago and St. Louis, and State Routes 16 and 130, which facilitate regional trade and logistics operations. The proximity to the Coles County Memorial Airport offers additional logistical advantages for business operations.

Key logistical benefits include: - Highway Access: Interstate 57 - Air Travel: Coles County Memorial Airport - Rail Access: Freight rail service available through the nearby Canadian National Railway.

These infrastructure elements make Charleston an attractive location for distribution and manufacturing businesses seeking efficient access to larger markets.

Commercial Real Estate Inventory & Zoning

Charleston’s commercial real estate market is diverse, encompassing several key submarkets: - Central Business District (CBD): Primarily retail and office spaces. - Industrial Corridors: Located near the outskirts, ideal for warehousing and light manufacturing. - Innovation Districts: Emerging areas around the university that cater to tech and research firms.

Recent zoning updates have introduced incentives for developers focusing on sustainable projects. For detailed zoning information, refer to the City of Charleston Zoning Maps.

Major Employers and Institutions

Charleston’s commercial real estate demand is driven by significant institutions and employers, including: - Eastern Illinois University: A major employer and driver of the local economy. - Sarah Bush Lincoln Health Center: A leading healthcare provider in the region. - Consolidated Communications: A key player in telecommunications.

For a comprehensive list of top employers, visit the Charleston Economic Development site.

Notable Commercial Developments & Projects

Recent developments include mixed-use projects and Opportunity Zones aimed at revitalizing underdeveloped areas. Notable projects include the University Village, a mixed-use development near Eastern Illinois University, combining retail, office, and residential spaces.

Explore more on approved projects through the Charleston Planning Department.

Building Permits, Planning, and Development Tools

For developers interested in Charleston, essential resources include: - Charleston Building and Safety Department - Online Permitting Portal - Parcel Map Viewer / GIS - Planning Commission - Development Code

Market Data & Economic Reports

Leverage public data from sources like Census.gov and Charleston’s open data portal. Brevitas offers AI-powered insights from these public datasets, providing users with comprehensive market dashboards.

Why Use Brevitas for Charleston, Illinois CRE?

Brevitas offers a suite of AI-driven tools designed for CRE professionals in Charleston: - AI-Driven Discovery: Find properties with precision. - Real-Time Market Alerts: Stay updated on new listings. - Smart Property Pages: Access detailed property insights. - Dealroom Collaboration: Enhance communication with stakeholders.

Unique features include: - Auto-Generated Listing Pages: Quick property listing setup. - Email and Landing Page Tools: Enhance marketing efforts. - Integration with Brokers and Developers: Streamlined collaboration. - Exclusive Listings and Premium Exposure: Gain an edge in the market.