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    1401 Charleston Ave Mattoon, IL 61938

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    For Sale
    $700,000

    Retail building leased to a national tenant for sale.

    Property size:
    25,000 SF
    Lot size:
    0.48 Acres

    Property Features for 1401 Charleston Ave

    General Information

    Size
    25,000 SF
    Lot size
    0.48 Acres

    Source: Mid-America Real Estate Group | Chicago Agent George Ghattas

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

    Overview

    Retail Building in Mattoon, Illinois

    The property at 1401 Charleston Avenue, Mattoon, Illinois, is a retail building available for sale. The building has a property size of 25000 square feet. The property is currently leased to a national tenant operating under a seven-year gross lease, which will commence at the close of escrow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Individual retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mattoon
    County
    Coles
    State
    Illinois
    Longitude
    -88.3713846
    Latitude
    39.4812017

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    FAQs

    What type of property is this?
    Individual retail property - Retail building leased to a national tenant for sale.
    Where is this individual retail property located?
    The property is located at 1401 Charleston Ave 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 a reliable income stream.; - Investment grade tenant ensures stability.; - Seven-year gross lease offers long-term security.
    (630) 954-7327
    Request Owner's contact information
    1401 Charleston Ave 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
    1401 Charleston Ave Mattoon, IL 61938
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