Search
Retail Building on Charleston Avenue
For Sale
$500,000

1400 Charleston Ave, Mattoon, IL 61938

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

Property Size25,000 SF
Price / SF$20,000
Days on Market344

Property Features for 1400 Charleston Ave

General Information

Standard status Active
Size 25,000 SF
Property subtype Retail

Building Details

Building Size 25,000 SF
Year Built 1974
Listing Agency: Mid-America Real Estate
Listed By: George Ghattas · License #475135588
Source: Midamericagrp
Added: Sep 12, 2025 Changed: Aug 8 Last Checked: Aug 20 at 4:59AM

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 Mid-America Real Estate

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • National tenant provides stable income stream.
  • Investment grade tenant minimizes risk.
  • Seven‑year gross lease ensures predictable cash flow.

Property Analytics

Current Use

John H Armstrong Law Firm Constant, Wawrzynek & Grove ... Law Firm Mass Mutual Financial ... Financial Advisor U.S. Bank Branch Bank Janet L Grove ... Law Firm

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Pharmacy Building Supply Hotel & Motel

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

927
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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

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 Mattoon, IL.
What is the asking price?
The asking price for this property is $500,000.
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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message