402 Richmond Ave Mattoon, IL 61938
- Retail properties
- 1,806 SF
- 1.60 lot acres
Current Use by Public Records
- ATM (U.S. Bank) / Atm
Property Details for 402 Richmond Ave
- Lot size
- 1.60 lot acres
- Property size
- 1,806 SF
- Property type
- Retail properties
- 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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mattoon
- County
- Coles
- State
- Illinois
- Longitude
- -88.3451
- Latitude
- 39.4849
