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Midtown Mattoon Multi Tenant Office Building 123 N 15th St 14,588 SF 100% Leased Office Building Mattoon, IL 61938 $1,100,000 ($75.40/SF) 7.96% Cap Rate
Executive Summary
Investment opportunity!!! Well kept office building in downtown Mattoon with stable, long term tenants, including engineering firm , State of Illinois, Lee Enterprises. Property has large (75 spaces) parking lot, great curb appeal with convenient location to Mid-Town Mattoon. Complete New Roof in 2025 on entire building along with all new HCAV rooftop units in last 2 years. One small office space (288 sf) is available for rent.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,588 SF
Building Class
C
Year Built/Renovated
1972/2026
Price
$1,100,000
Price Per SF
$75.40
Cap Rate
7.96%
NOI
$87,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,588 SF
Building FAR
0.28
Lot Size
1.20 AC
Zoning
Commercial
Amenities
- Courtyard
- Reception
- Air Conditioning
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $383,400 | |
| Land Assessment | $57,376 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $326,024 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$57,376
Improvements Assessment
$326,024
Total Assessment
$383,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Midtown Mattoon Multi Tenant Office Building | 123 N 15th St