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    OFF-MARKET
    Land

    0 Fort Worth Way, Mattoon, IL 61938

    0.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land opportunity is located in Mattoon, Illinois, at the Shops at Emerald Acres Sports Connection. This development is part of a larger, 150-acre, $100 million indoor and outdoor sports complex projected to attract 580,000 visitors annually, generating $23.8 million in direct spending and 59,000 hotel room nights. The site offers retail space and outlots ideal for restaurants, hotels, and other retail uses. The property benefits from its strategic location in Mattoon, centrally positioned between major metropolitan areas (Chicago, Indianapolis, and St. Louis), and numerous micropolitan areas. This prime location, coupled with the significant draw of the sports complex, ensures high visibility and substantial foot traffic. The Shops at Emerald Acres Sports Connection will provide walkable access to amenities for athletes, families, and coaches, enhancing the overall customer experience and encouraging repeat visits. The youth sports tourism market, a $45 billion industry with projected annual growth of 10-15% over the next 5-7 years, represents a significant and reliable consumer base with strong buying power. The Mattoon-Charleston Micropolitan Statistical Area, with a trade area population of 101,319, currently draws customers from up to 30 miles, a radius expected to expand to at least 200 miles with the opening of the sports complex. Lot sizes range from 0.5 to 60 acres, providing flexibility for various development scales. This presents a unique investment opportunity within a rapidly growing and lucrative market segment. The property is situated on Fort Worth Way, Mattoon, IL 61938.

    Property profile
    Verified
    Property type Land
    Lot 0.5 ac (21,780 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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