Property profile

2100 Western Ave Mattoon, IL 61938

OFF-MARKET
Land
1.7 ac lot
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Property summary

AI-generated overview

This exceptional 1.7-acre agricultural parcel is ideally situated in the heart of Mattoon, Illinois, at 2100 Western Avenue. Its prime downtown location offers unparalleled accessibility and visibility, positioned directly adjacent to a thriving grocery store. The property is being offered as a single, non-divisible unit, presenting a unique opportunity for developers. The land boasts a level grade, eliminating costly site preparation, and benefits from recently installed sewer infrastructure, significantly reducing development hurdles. This ready-to-develop site is perfect for a variety of commercial ventures, capitalizing on its high-traffic location and proximity to established businesses. The asking price for this exceptional opportunity is $179,900. Located in Coles County, Illinois, with a zip code of 61938, this property presents a compelling investment prospect in a vibrant and growing community. The coordinates are 39.5163422 latitude and -88.362785 longitude. Don't miss this chance to acquire a prime piece of downtown Mattoon real estate.

Property profile

Verified
Property type Land
Lot 1.7 ac (74,052 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2100 Western Ave Mattoon, IL 61938
Mattoon metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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