901 Charleston Ave, Mattoon, IL 61938-4242
This exceptional Mattoon, IL commercial property, located at 901 Charleston Avenue, presents a unique investment opportunity. Spanning 0.32 acres, this two-story office building offers a substantial 2,934 square feet on each level, totaling 5,868 square feet of adaptable space. Previously used as an attorney's office, the building's layout is highly versatile and lends itself to a variety of commercial uses, including but not limited to additional office spaces, retail, or a cafГ©. The main floor boasts abundant natural light from large windows and features a spacious lobby/waiting area, five private offices, a conference room, a break room, a secure records room, two restrooms, and a copy room. A unique split-level entrance in the front foyer allows for the potential of two separate businesses or additional rental income streams. The lower level mirrors the main floor's office space configuration and includes its own restrooms. Both levels are accessible from both front and rear entrances. The property's location within the TIF District offers potential economic incentives. This property presents a significant opportunity for a business seeking a substantial, adaptable space with the potential for customization to meet specific needs. Rental options are also available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.