224 E Richmond Ave - Restaurant FOR SALE
Mattoon, IL 61938 |
$800,000 USD
310-486-9900
224 E Richmond Ave
Mattoon, IL 61938
HIGHLIGHTS
- Positioned on a ±1.22-Acre Lot with Direct Frontage Along Richmond Ave E — High Visibility and Easy Access in a Well-Trafficked Corridor
- ±5,800 SF Freestanding Building, Recently Renovated in 2016 with a Parking Lot Upgrade Completed in 2023
- Flexible Use Potential — Ideal for a Restaurant Operator, National QSR Brand, or Alternate Commercial Use
- Opportunity to Operate Existing Denny’s, Rebrand to a New Concept, or Lease Out for Passive Income
- Motivated Seller — Ideal for Owner-Users or Investors Seeking a Value-Add Asset
- Located Adjacent to Emerald Acres Sports Connection — a Newly Developed $100 Million Indoor/Outdoor Sports Complex
FOR SALE DETAILS
PRICE
$800,000 USD
PRICE/SF
$123 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
Former Denny's - Repositioning Opportunity
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
34
LAND DETAILS
LAND ACRES
2.02 AC
LAND SF
87,991 SF
ZONING
C-2
APN/PARCEL ID
06-0-04408-000
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310-486-9900
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310-486-9900
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