Property profile

901 Charleston Ave Mattoon, IL 61938

FOR SALE
Commercial real estate
Property ID
US28-3653981
0.32 ac lot
Entity Owned Free & Clear
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For Sale
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901 Charleston Ave, Mattoon, IL 61938
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.32 ac (13,939 SF)
APN 07-1-04458-000
UPID US28-3653981

Cap rate & NOI

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

Location

901 Charleston Ave Mattoon, IL 61938
Mattoon metro Census 1100 CHARLESTON-MATTOON, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2026
Last sale
$135,500
2 recorded transactions
2026
$135,500
2015
$125,160

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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