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402 Richmond Ave Mattoon, IL 61938

1,806 SF Bank Building, 1.6 Acres

Overview

Added:
Dec 11, 2024
Days on market:
132
This 1,806 square foot former US Bank building sits on a 1.6-acre lot in Mattoon, Illinois, at 402 Richmond Ave E, zip code 61938. Ideally located across from Cross County Mall, anchored by major retailers including Rural King, Marshalls, JOANN, and Dunham's Sports, this property benefits from high visibility and significant foot traffic. The Cross County Mall serves as the primary shopping destination for the Charleston-Mattoon Micropolitan Statistical Area, boasting a trade area population of 101,319. Further enhancing its appeal, the property is situated directly across from the new Emerald Acres Sports Connection, a $100 million indoor and outdoor sports complex projected to attract 580,000 visitors annually, generating $23.8 million in direct spending and 59,000 hotel room nights. This strategic location on Richmond Avenue places the property between Mattoon's commercial district and its residential areas, maximizing exposure to both consumer bases. The strong regional draw of this market, extending up to 30 miles in all directions, is poised for further expansion with the opening of Emerald Acres Sports Connection, potentially attracting visitors from cities such as Chicago, Indianapolis, and St. Louis. The property is a single-tenant building with 1,806 square feet of vacant space, offering a unique opportunity for a variety of retail uses. Coles County location.

Highlights

  • 1,806 SF former bank building on a 1.6-acre lot in Mattoon, IL (61938).
  • High-visibility location across from Cross County Mall, anchored by major retailers.
  • Directly across from the new Emerald Acres Sports Complex, projected to draw 580,000 annual visitors.
  • Situated between Mattoon's commercial and residential areas, maximizing exposure.
  • Vacant, single-tenant building offering 1,806 SF of retail space.

Property Details for 402 Richmond Ave

Property type
Retail properties, Retail space
RSF (Rentable sq. ft)
1,806 SF

Unit(s) available at that property

Space
Size
1,806 SF

Location Insight

City
Mattoon
County
Coles
State
Illinois
Latitude
39.484890611766
Longitude
-88.3448481737

FAQs

What type of property is this?
Retail property - 1,806 SF Bank Building, 1.6 Acres
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 in Mattoon, IL (61938).; High-visibility location across from Cross County Mall, anchored by major retailers.; Directly across from the new Emerald Acres Sports Complex, projected to draw 580,000 annual visitors.
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402 Richmond Ave
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