Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a ±5,800-square-foot freestanding restaurant building on ±1.22 acres at 224 Richmond Avenue East in Mattoon, Illinois. This former Denny’s is positioned for flexible reuse, ideal for a QSR or national restaurant concept, or as a value-add lease-up opportunity. The site underwent a full renovation in 2016, with a parking lot upgrade completed in 2023, and features excellent visibility and access along Richmond Ave. The property is located directly adjacent to Emerald Acres Sports Connection, a brand-new $100 million indoor/outdoor sports complex projected to draw over 580,000 annual visitors and generate $23.8 million in direct economic impact. The site sits within the primary trade corridor of Mattoon, surrounded by Walmart, Rural King, Dollar General, Marshalls, Jo-Ann Fabrics, Dunham’s Sports, and several new retail and restaurant developments including Chick-fil-A, Chipotle, and Panda Express. With an asking price of $800,000, this asset offers a rare chance to acquire real estate adjacent to a regionally significant development, backed by strong demographics and long-term demand drivers. Whether repositioned, leased, or owner-occupied, this property presents a compelling opportunity in East Central Illinois’ most dynamic growth corridor.