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
- Retail space
Description
This 1,806 square foot former US Bank building sits on a 1.6-acre lot in Mattoon, Illinois, at 402 Richmond Ave E, zip code 61938. Ideally located across from Cross County Mall, anchored by major retailers including Rural King, Marshalls, JOANN, and Dunham's Sports, this property benefits from high visibility and significant foot traffic. The Cross County Mall serves as the primary shopping destination for the Charleston-Mattoon Micropolitan Statistical Area, boasting a trade area population of 101,319. Further enhancing its appeal, the property is situated directly across from the new Emerald Acres Sports Connection, a $100 million indoor and outdoor sports complex projected to attract 580,000 visitors annually, generating $23.8 million in direct spending and 59,000 hotel room nights. This strategic location on Richmond Avenue places the property between Mattoon's commercial district and its residential areas, maximizing exposure to both consumer bases. The strong regional draw of this market, extending up to 30 miles in all directions, is poised for further expansion with the opening of Emerald Acres Sports Connection, potentially attracting visitors from cities such as Chicago, Indianapolis, and St. Louis. The property is a single-tenant building with 1,806 square feet of vacant space, offering a unique opportunity for a variety of retail uses. Coles County location.
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
- -88.3448
- Latitude
- 39.4849
