Property Details for 402 Richmond Ave

Lot size

1.60 lot acres

Property size

1,806 SF

Property type

Retail properties & Spaces

Property subtype

Banks

Description

This exceptional 1,806 square foot former bank building presents a unique owner/user opportunity in Mattoon, Illinois. Situated on a 1.6-acre lot, this property enjoys a highly visible location directly across from the Cross County Mall, a major shopping destination anchored by prominent retailers including Rural King, Marshalls, JOANN, and Dunham's Sports. The property benefits from its strategic position between Mattoon's commercial district and residential areas, ensuring excellent access to both customer bases. Furthermore, the recent development of Emerald Acres Sports Connection, a substantial $100 million indoor and outdoor sports complex directly across the street, is projected to significantly increase foot traffic and economic activity in the area, attracting an estimated 580,000 visitors annually and generating $23.8 million in direct spending. This new complex is expected to draw visitors from a wide radius, including cities such as Chicago, Indianapolis, and St. Louis, further enhancing the property's long-term potential. The Cross County Mall's extensive trade area encompasses a population of 101,319, providing a substantial customer base for any business operating from this location. The building's previous use as a bank suggests a strong foundation and potentially adaptable interior space. This is a rare opportunity to acquire a well-positioned property in a thriving retail market with significant growth potential. The address is 402 Richmond Ave E, Mattoon, IL 61938.

Location Insight

City

Mattoon

County

Coles

State

Illinois

Longitude

-88.3451

Latitude

39.4849