224 Richmond Ave Mattoon, IL 61938

This exceptional 5,800 square foot Denny's restaurant in Mattoon, Illinois, is offered at $950,000. Situated on a 1.22-acre lot, the property boasts a single-story building constructed in 1988 and extensively renovated in 2016. The parking lot received updates in 2023. Currently operating at 100% occupancy, this presents a unique opportunity to acquire an established business or redevelop the expansive lot. The property benefits from a strong demographic profile, with over 19,000 people within a 5-mile radius and an average household income exceeding $97,000. Its strategic location near the newly developed Emerald Acres Sports Connection, a $100 million indoor/outdoor sports complex anticipating 580,000 annual visitors, further enhances its appeal. This complex is projected to generate $23.8 million in direct spending and create demand for 59,000 hotel room nights annually. The existing market draws from a 30-mile radius, and the sports complex is expected to expand this reach to major cities like Chicago, Indianapolis, and St. Louis. This presents a compelling investment opportunity for both established restaurant operators and developers seeking a prime location with significant growth potential. The ample lot size offers flexibility for various business uses beyond restaurant operations.