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Medical Office Building
For Sale
$125,000

1517 Wabash Avenue, Mattoon, IL 61938

Two-story office property with a replacement roof, HVAC updates, and an open basement beneath most of the building.

Property SizeContact for details
Days on Market483

Property Features for 1517 Wabash Avenue

General Information

Standard status Active
Total Parking Spaces 15
Property subtype Commercial
Zoning COM

Taxes and HOA fees

Annual Taxes $4,633

Building Details

Year Built 1963
Buildings 1
Stories 3
Listing Agency: Century 21 KIMA Properties
Listed By: Kirk Swensen · License #475126721
Source: Shelbyrealty
Added: May 6, 2025 Changed: Aug 30 Last Checked: Aug 30 at 5:42PM

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 Century 21 KIMA Properties

Investment Insights

Based on property information with market context.

Built in 1963, this office building occupies the corner of Wabash Avenue and 16th Street in Mattoon. The property has served as a medical and dental office for decades, offering an established layout for professional office use. A recently replaced roof and HVAC updates completed over the past few years add to the building’s physical improvements.

An open basement extends beneath approximately 90% of the structure, providing substantial supporting space within the existing footprint. The property is zoned COM and may accommodate office, data center, or other uses identified in the source information, subject to applicable requirements.

Key Highlights

  • 1963 office building at 1517 Wabash Avenue, Mattoon, IL 61938
  • Located at the corner of Wabash Avenue and 16th Street
  • Used as a medical and dental office for decades

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Pharmacy Parking Lot & Garage Daycare Center Restaurant Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

839
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office property with a replacement roof, HVAC updates, and an open basement beneath most of the building.
Where is this office building located?
The property is located at 1517 Wabash Avenue Mattoon, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1963 office building at 1517 Wabash Avenue, Mattoon, IL 61938; Located at the corner of Wabash Avenue and 16th Street; Used as a medical and dental office for decades
More about this property
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