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402 Richmond Ave Mattoon, IL 61938

Prime retail space, high traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 1,806 square foot former bank building presents a unique owner/user opportunity in Mattoon, Illinois. Situated on a 1.6-acre lot, this property enjoys a highly visible location directly across from the Cross County Mall, a major shopping destination anchored by prominent retailers including Rural King, Marshalls, JOANN, and Dunham's Sports. The property benefits from its strategic position between Mattoon's commercial district and residential areas, ensuring excellent access to both customer bases. Furthermore, the recent development of Emerald Acres Sports Connection, a substantial $100 million indoor and outdoor sports complex directly across the street, is projected to significantly increase foot traffic and economic activity in the area, attracting an estimated 580,000 visitors annually and generating $23.8 million in direct spending. This new complex is expected to draw visitors from a wide radius, including cities such as Chicago, Indianapolis, and St. Louis, further enhancing the property's long-term potential. The Cross County Mall's extensive trade area encompasses a population of 101,319, providing a substantial customer base for any business operating from this location. The building's previous use as a bank suggests a strong foundation and potentially adaptable interior space. This is a rare opportunity to acquire a well-positioned property in a thriving retail market with significant growth potential. The address is 402 Richmond Ave E, Mattoon, IL 61938.

Highlights

  • 1,806 SF former bank building on a 1.6-acre lot.
  • Located across from Cross County Mall, anchored by major retailers.
  • Excellent visibility and access on Richmond Avenue, between commercial and residential areas.
  • Strong location within a trade area of 101,319 people.
  • Proximity to the new Emerald Acres Sports Complex, projected to draw significant traffic and spending.

Property Details for 402 Richmond Ave

Property type
Retail properties, Banks
Square Feet
1,806 SF
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Mattoon
County
Coles
State
Illinois
Latitude
39.48489760865
Longitude
-88.345096649274

FAQs

What type of property is this?
Retail property - Prime retail space, high traffic location.
Where is the retail property located?
The property is located at 402 Richmond Ave Mattoon, IL.
What are key features of this property?
This property features: 1,806 SF former bank building on a 1.6-acre lot.; Located across from Cross County Mall, anchored by major retailers.; Excellent visibility and access on Richmond Avenue, between commercial and residential areas.
How can I contact the broker?
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402 Richmond Ave
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