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Mattoon, IL Banks for Sale

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Former Bank Building Near Mall
Updated: Jul 11, 2024
Former Bank Building Near Mall

402 Richmond Ave E, Mattoon, IL 61938

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1,806 sqft 1.60 AC lot
High‑traffic location across from Cross County Mall, a primary shopping destination.
Proximity to Emerald Acres Sports Connection, a $100M sports complex projected to draw significant visitors and spending.
Large 1.6 AC lot provides ample space for various uses.
Located on Richmond Avenue, connecting the commercial district and residential areas.
Former bank building offers 1,806 SF of existing structure.
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Mattoon, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Downtown Shelbyville Commercial Building
Downtown Shelbyville Commercial Building

200 N Morgan Street Shelbyville IL 62565, Shelbyville, IL 62565

$799,000
7,768 sqft

Remodeled commercial building in downtown Shelbyville with flexible space.

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Corner Bank Building
Corner Bank Building

4426 Cookson Road, East St Louis, IL 62201

$150,000
1,700 sqft

Well-maintained facility with a fenced yard, attached two-car garage, and on-site parking.

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Corner Bank Building
Corner Bank Building

4426 Cookson Road, East St Louis, IL 62201

$150,000
0.08 AC lot

Brick construction with a fenced yard, attached garage, and central air conditioning.

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Three-Storefront Commercial Building
Three-Storefront Commercial Building

206, 208, 210 E Logan Street S, Longview, IL 61852

$39,000
0.18 AC lot

Brick commercial property with three storefronts, COMMR zoning, and flexible configuration for separate or combined business use.

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Off-Market Properties in Mattoon, IL

Consider similar Off-Market properties in Mattoon, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

402 Richmond Ave
Individual retail properties

402 Richmond Ave, Mattoon, IL 61938

Estimated value:
by Request
1,806 sqft 1.60 AC lot
View details
402 Richmond Ave
Individual retail properties

402 Richmond Ave, Mattoon, IL 61938

Estimated value:
by Request
1,806 sqft 1.60 AC lot
View details

Mattoon, IL Banks Market Trends and Statistics

Explore 3 banks for sale in Mattoon, IL on our real estate platform. These investment opportunities span a total of 1,806 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Shopping centers 11
Storefront properties 7
Automotive properties 3
Auto shops 1
Banks 1

Demographics Overview

Population 20K
Population Growth (5Y) -6.4%
Median Household Income $54,288
College Educated 31.1%

Taxes & Financing

Tax Rate (average for all types) 7.54%
Tax Rate vs County Average 0.14 pp below county avg
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Mattoon fall within the 50,000 to 100,000 square foot range.

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