DENNY'S

224 Richmond Ave E, Mattoon, IL 61938
$800,000

Price Per SF
$138
Gross SQFT
5,800
Year Built
1988/2016(R)
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Opportunity to take over an operating Denny’s or a new restaurant concept.
  • 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 restaurant concept.
  • The property has undergone significant upgrades, with complete building renovations in 2016 and an updated parking lot in 2023.
  • Large ±5,800 SF building, positioned on a ±1.22-acre lot, offering flexibility for various business uses and allowing for ample parking.
  • Population of over 19,000 people within a 5-mile radius, with average household income above $97,000.
  • Emerald Acres Sports Connection, a newly developed $100 million indoor and outdoor sports complex, is strategically situated across the street, poised to attract 580,000 visitors annually.
  • New development influx expects to generate $23.8 million in direct spending and create demand for 59,000 hotel room nights each year.
  • The existing market draws visitors from a 30-mile radius, and with the addition of Emerald Acres Sports Connection, the reach is anticipated to extend to major cities like Chicago, Indianapolis, and St. Louis.

Broker of Record

  • Matthew M. Fitzgerald
  • License No. 478027547 (IL)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203