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    FOR LEASE
    Industrial properties

    1501 S 19Th St, Mattoon, IL 61938

    21.27 ac lot
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US28-4598133
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 1501 S 19th St, Mattoon, IL 61938, offers a substantial 257,233 square feet of manufacturing, warehouse, and distribution space. The property sits on a generous 43.32 acres of land and features a single building constructed in 1967, extensively renovated in 1993. Currently, a significant 238,673 square feet is available for lease, providing flexibility for businesses of various sizes. The minimum leasable space is 19,367 square feet, while the maximum contiguous space available is 238,673 square feet. The property is zoned for industrial use and boasts convenient features including 2 loading docks and 5 drive-in doors. The site is fully fenced and includes a guard shack, enhancing security. This property is ideal for businesses seeking a large, well-maintained industrial space in a strategic location. The Coles County address, with APN numbers 07-1-00846-001 and 07-1-00846-002, provides easy identification. The property's size and features make it suitable for a wide range of industrial operations. Contact us today to learn more about this exceptional opportunity.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Lot 21.27 ac (926,521 SF)
    APN 07-1-00846-001
    UPID US28-4598133
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.10M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.01M
    Owner & transaction history
    Phoenix Mattoon II Industrial Invr · 3 yrs held
    Phoenix Mattoon II Industrial Invr
    since 2023
    Last sale
    $1.0M
    4 recorded transactions
    2025
    2023
    2023
    $1.0M
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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