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    Mattoon, IL
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    Mattoon, IL Commercial Land for Sale

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    Charleston, IL Neoga, IL Arcola, IL
    Turnkey Investment Property with Expansion Potential
    Updated: Jul 15, 2024
    Turnkey Investment Property with Expansion Potential

    921 Lake Land Blvd, Mattoon, IL 61938

    $495,000
    0.48 AC lot
    Turnkey property with leased businesses providing instant income.
    Adjoining vacant lot offers potential for future expansion.
    Abundant front and rear on‑site parking.
    Separate gas and electric meters for each unit.
    Solid wood trim and doors offer timeless appeal.
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    Prime Land on Charleston Avenue
    Updated: Jul 15, 2024
    Prime Land on Charleston Avenue

    800 Charleston Ave, Mattoon, IL 61938

    $165,000
    0.48 AC lot
    Prime location on RT 16 / Charleston Ave in Mattoon.
    Utilities already on site: water, power, and sewer.
    Great access with double RT16 cuts and entrance from 8th street and the alley.
    Three city lots totaling .46 acres.
    Asphalt parking area and concrete slab for building are present.
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    Commercial Land Near Public Park
    Commercial Land Near Public Park

    3121 Commercial Ave, Mattoon, IL 61938

    Contact for pricing

    Commercial land for sale, located near a public park.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Retail Outlots Near Cross County Mall
    Retail Outlots Near Cross County Mall

    700 Broadway Ave, Mattoon, IL 61938

    Contact for pricing
    1,806 sqft · 1.60 AC lot

    Outlots and freestanding building near major retailers and sports complex.

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 4 Active listings in Mattoon, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Development Land with Interstate Visibility
    Development Land with Interstate Visibility

    NW Quadrant Route 133/I-57, Arcola, IL 61910

    Contact for pricing
    7 sqft

    7.27 acres of land suitable for immediate development.

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    Corner Lot Redevelopment Opportunity
    Corner Lot Redevelopment Opportunity

    915 Lincoln Ave, Charleston, IL 61920

    $278,000
    0.64 AC lot

    Commercial parcels available for redevelopment on busy Lincoln Avenue.

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    Corner Lot Ready for Development
    Corner Lot Ready for Development

    749 W State St, Charleston, IL 61920

    $99,900
    1.32 AC lot

    1.3 acre corner lot with utilities and high traffic count.

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    Development Site with Interstate Visibility
    Development Site with Interstate Visibility

    I-57 & Route 133, Arcola, IL 61910

    Contact for pricing
    7.27 AC lot

    7.27 acre development site with utilities and highway access.

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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.

    Mattoon, IL 61938
    VACANT COMMERCIAL LAND

    Mattoon, IL 61938

    Value Estimation by Request
    0.96 AC lot
    View details

    Mattoon, IL Commercial Land Market Trends and Statistics

    Explore 5 commercial land for sale in Mattoon, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 1,806 square feet of properties for sale, with an estimated market value of $688,900.

    Sale prices for commercial lots in Mattoon, IL start at $0.00, averaging $172,225, and reaching up to $495,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 6
    Residential land & home lots 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Mattoon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61938 $247.5K

    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 1 to 5 acres range.

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