Property profile

224 Richmond E Ave Mattoon, IL 61938

OFF-MARKET
Other commercial real estate
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Property ID
US28-3794430
1.22 ac
Last sale Jul 2026·$500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a freestanding restaurant building situated on a 1.22-acre site at 224 Richmond Avenue East in Mattoon, Illinois, with frontage and access along Richmond Avenue. The building was fully renovated in 2016 and includes site improvements with a parking lot upgrade completed in 2023. Historically used as a Denny’s restaurant, the structure is configured in a way that supports flexible reuse for restaurant or other compatible commercial uses. The site is located directly adjacent to…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$29k
Tax billed · 2020
Assessed value · 2023$389k
Assessed land$40k
Assessed improvement$349k
Effective rate7.35%

Value estimate

· Nov 2026
$375k
$338k – $413k
AI approach$375k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOLES

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.8
Law Firm12.6
Hair Salon12.2

Location

224 Richmond E Ave Mattoon, IL 61938-4652
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
901 Charleston Ave, Mattoon, IL 61938-4242 $135,500 Jan 2026 No data
2501 Broadway, Mattoon, IL 61938-3825 $71,500 Jan 2026 No data
500 Shelby, Mattoon, IL 61938 $492,000 Jan 2026 No data
6040 Lerna, Mattoon, IL 61938-8557 $140,000 Dec 2025 No data
Mattoon, IL 61938 $806,000 Nov 2025 No data
1321 Grant, Mattoon, IL 61938 $10,000 Nov 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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