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    OFF-MARKET
    Land

    0 Il-16, Mattoon, IL 61938

    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    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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