Listing Agency: Mid-America Real Estate Group | Chicago g***@midamericagrp.com Show Phone

Listed By: George Ghattas · License #475135588

Source: Moodyscre

Added: Sep 1, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:19AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• National tenant provides a reliable income stream.
• Investment grade tenant ensures stability.
• Seven‑year gross lease offers long‑term security.

Property Analytics

Property Profile

Current Use

Individual retail properties

Suggested Use

Top Pick Real Estate Agency Pharmacy Daycare Center Parking Lot & Garage Carpet & Flooring Store Restaurant

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

665

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

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 $500,000.

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.