Freestanding Restaurant Building with
For Sale
Contact for pricing
Pending
224 Richmond Ave E, Mattoon, IL 61938
Freestanding restaurant building renovated in 2016, with parking lot upgrades completed in 2023.
Property Size5,800 SF
Lot Size1.22 Acres
Days on Market135
Property Features for 224 Richmond Ave E
General Information
Standard status
Pending
Size
5,800 SF
Lot size
1.22 Acres
Property subtype
Retail
Building Details
Year Renovated
2016
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Robert Narchi · License #01324570
(310) 909-5426
Source:
Crexi
Added: Apr 24
Changed: Aug 16
Last Checked: Sep 4 at 10:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present a freestanding restaurant building on 1.22 acres at 224 Richmond Avenue East in Mattoon, Illinois. The property was fully renovated in 2016, and a parking lot upgrade was completed in 2023. The building was formerly a Denny’s, and it is described as being positioned for flexible reuse.
The site offers visibility and access along Richmond Avenue and is located directly adjacent to Emerald Acres Sports Connection. That new indoor/outdoor sports complex is projected to draw over 580,000 annual visitors and generate $23.8 million in direct economic impact.
Positioned within Mattoon’s primary trade corridor, the surrounding area includes Walmart, Rural King, Dollar General, Marshalls, Jo-Ann Fabrics, Dunham’s Sports, and additional retail and restaurant development that includes Chick-fil-A, Chipotle, and Panda Express.
The site offers visibility and access along Richmond Avenue and is located directly adjacent to Emerald Acres Sports Connection. That new indoor/outdoor sports complex is projected to draw over 580,000 annual visitors and generate $23.8 million in direct economic impact.
Positioned within Mattoon’s primary trade corridor, the surrounding area includes Walmart, Rural King, Dollar General, Marshalls, Jo-Ann Fabrics, Dunham’s Sports, and additional retail and restaurant development that includes Chick-fil-A, Chipotle, and Panda Express.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61938, IL
20,768
Population
10,299
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
126.5 sq mi
ZIP Area
164
Density / Sq Mi
$54,288
Median Household Income
$39,651
Median Earnings
$771
Median Rent
$109,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant building renovated in 2016, with parking lot upgrades completed in 2023.
Where is this conventional restaurant located?
The property is located at 224 Richmond Ave E Mattoon, IL.
What are key features of this property?
This property features: 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
