1500 Lakeland Mattoon Il Mattoon, IL 61938
- Power centers
- 31,585 SF
Current Use by Public Records
- Power centers
Property Details for 1500 Lakeland Mattoon Il
- Year built
- 1980
- Property size
- 31,585 SF
- Property type
- Power centers
- Property subtype
- Retail properties
Description
This exceptional commercial property, the Good Neighbor Shopping Center, presents a compelling investment opportunity in Mattoon, Illinois. Located at 1500 South Lakeland, this Class C retail center boasts a total of 31,585 square feet, offering multiple tenancy options. Currently, there are over 10,430 square feet of vacant space available, divisible into units ranging from a minimum of 612 square feet to a maximum contiguous space of 1,470 square feet. The property is zoned C-3 and was built in 1980. Its strategic location near Interstate 57 and Lakeland College, with its 7,500+ student population, provides excellent access to a substantial consumer base. Furthermore, the center benefits from a strong local workforce, with approximately 8,000 daytime workers in the immediate area. Major regional employers such as GE, UPS, Rural King, Pinnacle Foods, and Sarah Bush Lincoln Health Center Services contribute to the robust local economy and provide a consistent flow of potential customers. This versatile property is suitable for a variety of retail, office, and restaurant uses, making it an ideal investment for both established businesses and new ventures seeking a prime location in a thriving community within Coles County, Illinois, zip code 61938.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mattoon
- County
- Coles
- State
- Illinois
- Longitude
- -88.4371
- Latitude
- 39.4087
