Mattoon, IL Mixed-use properties for sale

Updated: Feb 18

Multi-Family and Commercial Investment

4211 & 4213 Lake Land Blvd, Mattoon, IL 61938

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53,579 sqft

19‑unit Multi‑Family and Commercial property investment opportunity
Consistent $135k gross revenue for 3 consecutive years
New gutters & roof installed on the apartment building in 2024 (excluding the upper level)
TPO layer on the commercial building (4211)
Attractive mix of unit types: 11 two‑bed, two‑bath units; 1 one‑bed, one‑bath unit; and 7 studio apartments

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Mattoon, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Redevelopment Parcel Assemblage with Office

507 West Springfield Avenue, Urbana, IL 61801

$550,000

23,320 sqft 0.54 AC lot

Assembled parcels totaling 0.54 acres include a zoned office building and an on-grade parking lot.

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Assembled Commercial Land

507 Springfield Avenue, Urbana, IL 61801

$550,000

0.54 AC lot

Combined urban parcels include an on-grade parking lot and an office building within established commercial zoning districts.

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Versatile Lakefront Headquarters Building

500 S 27th St, Decatur, IL 62521

Contact for pricing

153,021 sqft 25.80 AC lot

Former Illinois Power HQ with versatile space on 25.8 acres.

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Mixed-Use Brick Building

1689 S Franklin St, Decatur, IL 62521

Contact for pricing

Spacious all-brick building occupied by a bank and a medical office, with 57 parking spaces across three parcels.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Mixed-Use Conversion Land Parcel

3733 Blackburn Road, Edwardsville, IL 62025

$950,000

11.00 AC lot

An 11-acre land parcel with approximately 758 feet of road frontage and included as-is buildings.

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Commercial Land with Road Frontage

7735 State Route 143, Edwardsville, IL 62025

$8,500,000

84.67 AC lot

84.67-acre tract with utilities at the property line and substantial road frontage along State Route 143.

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Commercial Land with Dual Avenue Frontage

542 S Walnut Street, Bloomington, IN 47401

$1,200,000

0.66 AC lot

0.66-acre downtown parcel zoned Mixed Use Downtown with 100 feet on Walnut and 100 feet on College Avenue.

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R2 Development Land Parcel

2113 S Rogers Street, Bloomington, IN 47403

$1,749,000

5.56 AC lot

Residentially zoned 5.56-acre parcel with substantial road frontage and adjacency to Switchyard Park and the B-Line Trail.

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Mattoon, IL Mixed-use Properties for Sale

4211 & 4213 Lake Land Blvd, Mattoon, IL 61938