224 E Richmond Ave | Mattoon, IL 61938
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- LoopNet Team
224 E Richmond Ave
Mattoon, IL 61938
DENNY'S · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Opportunity to take over an operating Denny’s or a new restaurant concept.
- The property has undergone significant upgrades, with complete building renovations in 2016 and an updated parking lot in 2023.
- Population of over 19,000 people within a 5-mile radius, with average household income above $97,000.
- Opportunity to redevelop the over ±1.22 Acre lot, which will provide ample room for many different uses, or keep as is and lease out to another space
- Large ±5,800 SF building, positioned on a ±1.22-acre lot, offering flexibility for various business uses and allowing for ample parking.
- New development influx expects to generate $23.8 million in direct spending and create demand for 59,000 hotel room nights each year.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,525 SF
Building Class
C
Year Built
1988
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.02 AC
Zoning
C-2 - Commercial
Parking
34 Spaces (5.21 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 06-0-04408-000 | Improvements Assessment | $387,146 |
| Land Assessment | $44,261 | Total Assessment | $431,407 |
PROPERTY TAXES
Parcel Number
06-0-04408-000
Land Assessment
$44,261
Improvements Assessment
$387,146
Total Assessment
$431,407
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