This exceptional commercial property, the Good Neighbor Shopping Center, presents a compelling investment opportunity in Mattoon, Illinois. Located at 1500 South Lakeland, this Class C retail center boasts a total of 31,585 square feet, offering multiple tenancy options. Currently, there are over 10,430 square feet of vacant space available, divisible into units ranging from a minimum of 612 square feet to a maximum contiguous space of 1,470 square feet. The property is zoned C-3 and was built in 1980. Its strategic location near Interstate 57 and Lakeland College, with its 7,500+ student population, provides excellent access to a substantial consumer base. Furthermore, the center benefits from a strong local workforce, with approximately 8,000 daytime workers in the immediate area. Major regional employers such as GE, UPS, Rural King, Pinnacle Foods, and Sarah Bush Lincoln Health Center Services contribute to the robust local economy and provide a consistent flow of potential customers. This versatile property is suitable for a variety of retail, office, and restaurant uses, making it an ideal investment for both established businesses and new ventures seeking a prime location in a thriving community within Coles County, Illinois, zip code 61938.
Highlights
800-2,300 SF of available retail space.
Strong tenant mix anchored by Family Dollar and a grocery store.
Excellent freeway access via I-57.
High traffic area near Lake Land College (4,583 students).
Power center - Prime Mattoon location, 10+ spaces available.
Where is the power center located?
The property is located at 1500 Lakeland Mattoon Il Mattoon, IL.
What is the lease rate?
The lease rate is $14-$15 /SF/YR.
What are key features of this property?
This property features: 800-2,300 SF of available retail space.; Strong tenant mix anchored by Family Dollar and a grocery store.; Excellent freeway access via I-57.
How can I contact the broker?
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Contacts
Terri Cox
Troy Bates
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Lakeland Mattoon Il Mattoon, IL 61938
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Lakeland Mattoon Il Mattoon, IL 61938
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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1500 Lakeland Mattoon Il
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