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    Mattoon, IL
    Conventional Restaurant

    Mattoon, IL Conventional Restaurants for Sale

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    Pekin, IL Charleston, IL Windsor, IL Neoga, IL Arcola, IL Sullivan, IL Ashmore, IL Findlay, 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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    Reconstructed Drive-Through Restaurant
    Updated: Jul 20
    Reconstructed Drive-Through Restaurant

    1209 Broadway Ave E, Mattoon, IL 61938

    Contact for pricing
    1.35 AC lot
    2021‑reconstructed freestanding restaurant building
    1.35‑acre corner parcel at 1209 Broadway Avenue East
    Existing drive‑through infrastructure and remodeled interior
    Restaurant equipment, parking, and on‑site signage included
    Frontage and visibility along IL Route 16
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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 6 Potential Opportunities for your consideration. Besides 2 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 Portfolio
    Historic Mixed-Use Portfolio

    101-105 W Sale St, Tuscola, IL 61953

    $750,000
    11,058 sqft

    Three downtown buildings combine restaurant operations, commercial space, and upper-level areas suited to residential conversion.

    View details
    Updated Bar and Grill
    Updated Bar and Grill

    114 E Market St, Sidell, IL 61876

    $114,999
    3,664 sqft

    Commercial kitchen improvements and gaming machines support continued bar-and-grill operations.

    View details
    Historic Mixed-Use Property
    Historic Mixed-Use Property

    101 W Sale St, Tuscola, IL 61953

    $400,000
    5,700 sqft

    Two-level commercial and residential asset with restaurant improvements, an apartment, and additional loft conversion space.

    View details
    Updated Bar and Grill
    Updated Bar and Grill

    114 E Market Street, Sidell, IL 61876

    $114,999
    0.15 AC lot

    Commercial kitchen improvements include refrigeration, cooking equipment, and upgraded building systems.

    View details

    Mattoon, IL Conventional Restaurants Market Trends and Statistics

    Explore 2 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 4
    Drive through restaurants 3

    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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