Property profile

120 14th St Mattoon, IL 61938

OFF-MARKET
Industrial properties
Property ID
US28-4051983
5.4 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 6.36-acre commercial land parcel presents a remarkable opportunity for industrial development or business expansion. Strategically located at 120 N 14th Street in Mattoon, Illinois (APN: 07-1-03651-000), this property offers significant potential for a wide range of commercial ventures. The expansive lot size provides ample space for construction and future growth. The property is zoned C-3 Commercial, according to Mattoon, IL zoning ordinances, ensuring flexibility in development plans. Situated in the heart of Mattoon, this location benefits from excellent accessibility and visibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The property's blank slate nature allows for complete customization to meet specific development needs. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable location. The asking price is $795,000. Further details are available upon request.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 5.4 ac (235,224 SF)
APN 07-1-03651-000
UPID US28-4051983

Cap rate & NOI

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

Location

120 14th St Mattoon, IL 61938-3028
Mattoon metro Census 400 CHARLESTON-MATTOON, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

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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