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    Mattoon, IL
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    Mattoon, IL Commercial Land for Sale

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    Turnkey Investment Property with Expansion Potential
    Updated: Mar 12, 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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    Commercial Land with Utilities
    Updated: Nov 3, 2020
    Commercial Land with Utilities

    Lot 19 Lerna Road, Mattoon, IL 61938

    $609,840
    2.97‑acre commercial land parcel
    Located at the intersection of 16 and Lerna Road in Mattoon, IL
    Electricity, natural gas, sewer, water, and cable available
    Public sewer identified
    Zoning designation: Other
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    Commercial Land Parcel
    Commercial Land Parcel

    Lot 15 Lerna Road, Mattoon, IL 61938

    $175,836

    Lot 15 forms part of a 21-property commercial offering at Buxton Center.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Commercial Land Parcel
    Commercial Land Parcel

    Lot 06 Lerna Road, Mattoon, IL 61938

    $138,718

    Lot 6 is part of a 21-property commercial offering in Buxton Centre.

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    Commercial Land Parcel
    Commercial Land Parcel

    Lot 03 Lerna Road, Mattoon, IL 61938

    $113,091

    Lot 03 is part of the Buxton Centre commercial property offering.

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    Commercial Land Parcel
    Commercial Land Parcel

    Lot 16 Lerna Road, Mattoon, IL 61938

    $174,339

    Identified as Lot 16 within the Buxton Center commercial property group.

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    Commercial Land Parcel
    Commercial Land Parcel

    Lot 20 Lerna Road, Mattoon, IL 61938

    $412,943

    Commercial lot within Buxton Center, offered for sale as part of a 21-property commercial offering.

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    Commercial Development Land Parcel
    Commercial Development Land Parcel

    Lot 14 Lerna Road, Mattoon, IL 61938

    $174,387
    82,935 sqft

    Vacant commercial lot available for sale within Buxton Center, one of 21 properties offered.

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    Commercial Land Parcel
    Commercial Land Parcel

    Lot 21 Lerna Road, Mattoon, IL 61938

    $361,788
    101,446 sqft

    Commercial lot 21 is available for sale within Buxton Center.

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    Commercial Land Lot 10
    Commercial Land Lot 10

    Lot 10 Lerna Road, Mattoon, IL 61938

    $87,200

    Lot 10 is one of 21 commercial properties within Buxton Center.

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    Commercial Lot in Buxton Centre
    Commercial Lot in Buxton Centre

    Lot 05 Lerna Road, Mattoon, IL 61938

    $44,640

    Lot 5 is available within Buxton Centre, one of 21 commercial properties offered for sale.

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    Commercial Land Lot in Business Center
    Commercial Land Lot in Business Center

    Lot 17 Lerna Rd, Mattoon, IL 61938

    $174,339

    Vacant commercial lot available in Buxton Center, one of 21 properties offered for sale.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 12 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.

    Corner Commercial Land Lot
    Corner Commercial Land Lot

    111 Poplar St, Ashmore, IL 61912

    Contact for pricing
    0.32 AC lot

    Corner lot available in an Enterprise Zone, with potential tax abatement programs subject to approval.

    View details
    Corner Development Land Opportunity
    Corner Development Land Opportunity

    214 N Illinois St, Ashmore, IL 61912

    Contact for pricing

    Corner lot in Ashmore’s Enterprise Zone, offering residential or commercial development options.

    View details
    31 Acres Commercial Property
    31 Acres Commercial Property

    Lincoln Ave, Charleston, IL 61920

    Contact for pricing
    31.00 AC lot

    31 acres of commercial land for development near Walmart.

    View details
    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.

    View details

    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

    Estimated value:
    $280,000
    0.96 AC lot
    View details

    Mattoon, IL Commercial Land Market Trends and Statistics

    Explore 13 commercial land for sale in Mattoon, IL, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 205,290 square feet of properties for sale, with an estimated market value of $2,962,121.

    Sale prices for commercial lots in Mattoon, IL start at $44,640, averaging $246,843, and reaching up to $609,840 — 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

    Residential land & home lots 18
    Commercial land 15
    Waterfront Land 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 $246.8K

    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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