This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

950 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

DENNY'S 224 E Richmond Ave

6,525 SF Retail Building Mattoon, IL 61938 $1,346,596 CAD ($206 CAD/SF)

Restaurants Illinois Mattoon 224 E Richmond Ave, Mattoon, IL 61938

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.

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)
(866) 889-0550

Attachments

Denny's - Mattoon, IL - OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,525 SF
Building Class
C
Year Built
1988
Price
$1,346,596 CAD
Price Per SF
$206 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.02 AC
Parking
34 Spaces (5.21 Spaces per 1,000 SF Leased)
Frontage
250 ft on Richmond Ave E

Amenities

  • Signage
  • Air Conditioning

Links

1 of 1

Nearby Major Retailers

First Mid Bank
Planet Fitness
Denny's
U.S. Bank
Woodforest National Bank
Steak ‘n Shake
Buffalo Wild Wings
Cracker Barrel Old Country Store
Starbucks
ALDI

PROPERTY TAXES

Parcel Number 06-0-04408-000 Improvements Assessment $491,979 CAD
Land Assessment $56,246 CAD Total Assessment $548,225 CAD

PROPERTY TAXES

Parcel Number
06-0-04408-000
Land Assessment
$56,246 CAD
Improvements Assessment
$491,979 CAD
Total Assessment
$548,225 CAD
(602) 922-3427

Contacts

  • Listing ID: 33221381

  • Date on Market: 2024-09-18

  • Last Updated:

  • Address: 224 E Richmond Ave, Mattoon, IL 61938

1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/5
224 E Richmond Ave, Mattoon, IL for sale Building Photo- Image 1 of 5
new-1-wm
224 E Richmond Ave, Mattoon, IL for sale Building Photo- Image 2 of 5
new-2-wm
224 E Richmond Ave, Mattoon, IL for sale Building Photo- Image 3 of 5
new-map-2wm
224 E Richmond Ave, Mattoon, IL for sale Building Photo- Image 4 of 5
new-map-1wm

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

DENNY'S | 224 E Richmond Ave
(602) 922-3427 x

DENNY'S | 224 E Richmond Ave

1/2

Zach Stevens

(602) 922-3427

(602) 922-3427

Alex DeSoto

(602) 898-8499

(602) 898-8499

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link