0 Il-16, Mattoon, IL 61938
This exceptional 89-acre commercial land parcel presents a unique investment opportunity in Mattoon, Illinois. Strategically located off Interstate 57 and Route 16, this property enjoys unparalleled access and visibility. The site's proximity to the upcoming Emerald Acres Sports Connection, a $60 million indoor and outdoor sports facility opening in 2024, is a significant advantage. This massive complex, spanning 150 acres, is projected to attract 580,000 visitors annually, generating $23.8 million in direct spending and 59,000 hotel room nights. This substantial influx of visitors creates a high-demand environment, making this land ideally suited for a wide range of commercial developments. The property's size and location offer significant potential for substantial returns. The asking price is $9,999,900. Don't miss this chance to capitalize on the growth spurred by this major development. The property is zoned for commercial use and is ready for immediate development. This is a rare opportunity to acquire a large, well-located parcel of land poised for significant appreciation in value. The property's address is IL-16, Mattoon, IL 61938.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.