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    301-305 Richmond Ave E Mattoon, IL 61938

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    For Lease
    $5 SF/Yr ($11,475 /Mo)

    Adaptable space suitable for retail, training, or office use.

    Property size:
    27,540 SF
    Lot size:
    4.98 Acres

    Property Features for 301-305 Richmond Ave E

    General Information

    Size
    27,540 SF
    Lot size
    4.98 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Zach Wetherell

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

    Overview

    Versatile Retail/Training Space Available

    This 27,540-square-foot space was previously used by Lake Land College for classroom, training, and administrative purposes. The layout includes several large training/classrooms, a large kitchen/breakroom, ADA-accessible restrooms, a large open area, individual offices, storage, and a technical training room/workshop area at the rear of the building. The space features one dock door. Ceiling heights range from 14 feet to the drop ceiling, with a clear height of 15 feet 6 inches and 17 feet to the roof deck. It is equipped with 3-phase, 277/480 Volts electrical service with over 850 amps. The property offers access to 268 parking spaces and a free-standing pylon sign in front. The lessor is open to converting the space back to a more retail-oriented configuration and is willing to subdivide the space for a qualified tenant. This property is suitable for retail or training purposes.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mattoon
    County
    Coles
    State
    Illinois
    Longitude
    -88.3457922
    Latitude
    39.4843327

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    FAQs

    What type of property is this?
    Retail space - Adaptable space suitable for retail, training, or office use.
    Where is this retail space located?
    The property is located at 301-305 Richmond Ave E Mattoon, IL.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Adaptable Space: Lessor willing to convert to retail or subdivide for qualified tenants.; - High Power Capacity: Features 3-phase, 277/480 Volts, and over 850 amps of electric service.; - Ample Parking: Access to 268 parking spaces.
    (217) 821-8553
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    301-305 Richmond Ave E 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
    301-305 Richmond Ave E Mattoon, IL 61938
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