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    Property profile & analytics

    1501 19Th St Mattoon, IL 61938

    • Industrial properties
    • 21.27 lot acres
    For Lease
    View listing
    Value Estimation
    $1,025,000
    Last Sale
    Jan 12, 2023
    $1,000,000
    Location Intelligence
    Property ID
    US28-4598133
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1501 19Th St

    Lot size
    21.27 lot acres
    Property type
    Industrial properties
    APN
    07-1-00846-001
    APU
    7100846001

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,020,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,105,000
      6.5%
      $1,150,000
      7%
      $1,140,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,065,000
      Geo Method
      $1,060,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $940,000
      Retail
      $1,045,000
      Mixed-Use
      $895,000
      Hospitality
      $935,000
      Educational
      $1,185,000
      Residential Income
      $855,000
      Energy
      $1,165,000
      Income-Based Land
      $1,115,000
      Food Service
      $905,000

    Location Insight

    • Map
    • Local Demand
    City
    Mattoon
    County
    Coles
    State
    Illinois
    Longitude
    -88.3807
    Latitude
    39.4676
    CBSA code
    16660
    CBSA name
    CHARLESTON-MATTOON, IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $41,359
    $94,173
    $523,129
    $617,302
    -
    $282,519
    $1,569,387
    $1,851,906

    Comparable in this City

    • Value Estimation by Request
      91.27 Acres

      6565 County Rd 1000n

      INDUSTRIAL (GENERAL) • 91.27 Acres
      6565 County Rd 1000n, Mattoon, IL 61938-3457
      View Details
    • Value Estimation
      $2,875,000
      13.32 Acres

      1509 Dewitt E Ave

      INDUSTRIAL (GENERAL) • 13.32 Acres
      1509 Dewitt E Ave, Mattoon, IL 61938-3464
      View Details
    • Value Estimation
      $370,000
      7.19 Acres

      500 Dewitt E Ave

      INDUSTRIAL (GENERAL) • 7.19 Acres
      500 Dewitt E Ave, Mattoon, IL 61938-3485
      View Details
    • Value Estimation
      $800,000
      3.50 Acres

      2916 Marshall Ave

      INDUSTRIAL (GENERAL) • 3.50 Acres
      2916 Marshall Ave, Mattoon, IL 61938-4912
      View Details
    • Value Estimation
      $280,000
      0.28 Acres

      1820 Marshall Ave

      INDUSTRIAL (GENERAL) • 0.28 Acres
      1820 Marshall Ave, Mattoon, IL 61938-5238
      View Details
    • Value Estimation by Request
      6.56 Acres

      1413 Dewitt E Ave

      INDUSTRIAL (GENERAL) • 6.56 Acres
      1413 Dewitt E Ave, Mattoon, IL 61938-3533
      View Details

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      Prime Mattoon Industrial Space

      Large warehouse, flexible lease options
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    1501 19Th St
    Mattoon, IL 61938
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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