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    1400 Charleston Ave, Unit | Mattoon Mattoon, IL 61938

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    For Sale
    $700,000

    Retail building leased to a national tenant in Mattoon, Illinois.

    Property size:
    25 SF

    Property Features for 1400 Charleston Ave

    General Information

    Size
    25 SF

    Building Details

    Year built
    1974

    Source: George Ghattas Agent George Ghattas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Building on Charleston Avenue

    The property at 1400 Charleston Avenue in Mattoon, Illinois, is a retail building available for sale. The property is leased to a national tenant operating under a seven-year gross lease, which will commence upon the close of escrow. The property size is 25 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John H Armstrong Estate Planning Attorney Constant, Wawrzynek & Grove ... Estate Planning Attorney Mass Mutual Financial ... Financial Planner U.S. Bank Branch Bank Janet L Grove ... Estate Planning Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mattoon
    County
    Coles
    State
    Illinois
    Longitude
    -88.3715424
    Latitude
    39.4818613

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    FAQs

    What type of property is this?
    Retail space - Retail building leased to a national tenant in Mattoon, Illinois.
    Where is this retail space located?
    The property is located at 1400 Charleston Ave, Unit | Mattoon Mattoon, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - National tenant provides stable income stream.; - Investment grade tenant minimizes risk.; - Seven-year gross lease ensures predictable cash flow.
    (630) 954-7398
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    1400 Charleston Ave, Unit | Mattoon Mattoon, IL 61938
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    Mattoon, IL 61938
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1400 Charleston Ave, Unit | Mattoon Mattoon, IL 61938
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