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    Mattoon, IL
    Conventional Restaurant

    Mattoon, IL Conventional Restaurants for Sale

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    Neoga, IL Charleston, IL Arcola, IL Sullivan, IL Hindsboro, IL Findlay, IL Shelbyville, IL Tuscola, IL
    Freestanding Restaurant Building with Parking
    Updated: Apr 24
    Freestanding Restaurant Building with Parking

    224 Richmond Ave E, Mattoon, IL 61938

    Contact for pricing
    5,800 sqft 1.22 AC lot
    Freestanding 5,800 SF restaurant building on 1.22 acres at 224 Richmond Avenue East in Mattoon, IL
    Former Denny’s positioned for flexible reuse, including QSR or national restaurant concept use
    Full renovation completed in 2016
    Parking lot upgrade completed in 2023
    Direct adjacency to Emerald Acres Sports Connection, a $100 million indoor/outdoor sports complex with projected 580,000+ annual visitors
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Mattoon, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Historic Mixed-Use Retail and Residential
    Historic Mixed-Use Retail and Residential

    101-105 W Sale Street, Tuscola, IL 61953

    $750,000
    0.22 AC lot

    Turn-key restaurant space with historic finishes, plus upper-level residential/loft potential above adjacent storefronts.

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    Restaurant and Residential Building
    Restaurant and Residential Building

    101 W Sale Street, Tuscola, IL 61953

    $400,000
    0.07 AC lot

    Main-level restaurant space with included equipment plus upstairs residential space, including one nearly finished unit and one unfinished area.

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    Downtown Urbana Commercial Building
    Downtown Urbana Commercial Building

    114 S Race, Urbana, IL 61801

    $475,000
    0.06 AC lot

    Two-story commercial building with first-floor restaurant in downtown Urbana.

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    Freestanding Grocery and Cafe Building
    Freestanding Grocery and Cafe Building

    306 W Springfield Avenue W, Urbana, IL 61801

    $1,300,000

    Free-standing building with bakery, kitchen, refrigeration, and cafe space, currently operating as a food market.

    View details

    Mattoon, IL Conventional Restaurants Market Trends and Statistics

    Explore 1 conventional restaurants for sale in Mattoon, IL on our real estate platform. These investment opportunities span a total of 5,800 square feet of properties for sale, with an estimated market value of $0.00.

    Sale prices for conventional restaurants in Mattoon, IL start at $0.00, averaging $0.00, and reaching up to $0.00 — 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

    Drive through restaurants 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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