Property profile

Worth Fort Worth Way Mattoon, IL 61938

OFF-MARKET
Land
2 ac lot
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Property summary

AI-generated overview

This exceptional 2-acre agricultural land parcel presents a unique investment opportunity in Mattoon, Illinois. Strategically located at the intersection of Interstate 57 and Route 16, this property enjoys high visibility and accessibility, benefiting from the significant traffic flow along this major corridor in Coles County. The land's proximity to the new Emerald Acres Sports Complex is a key advantage, positioning it to capitalize on the anticipated influx of 250,000 unique visitors annually. This presents a compelling opportunity for a variety of commercial developments, including retail, restaurants, hotels, or entertainment venues. The existing concentration of businesses in the area further enhances the property's potential for attracting customers and generating revenue. The asking price for this prime development lot is $871,200. This property offers significant potential for growth and return on investment, making it an attractive proposition for developers seeking a high-traffic location with strong future prospects. The property's address is listed as Fort Worth, but the city and county are verified as Mattoon and Coles County, Illinois, respectively, with a zip code of 61938.

Property profile

Verified
Property type Land
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Worth Fort Worth Way Mattoon, IL 61938
Mattoon metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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