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Mattoon, IL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Mattoon, Illinois Market population: 18K. Compare commercial properties across all major asset classes with...

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⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Mattoon IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Mattoon IL Properties: 2.9100%

πŸ“Š Average Income For Mattoon IL Commercial Property: $35,836

Investor Questions For Mattoon IL

Common questions from investors exploring commercial real estate in Mattoon IL.

What's the overall investment potential of Mattoon, IL, considering its demographics and economy? +
Mattoon's median household income of $35,836 and poverty rate of 21.0% suggest a working-class market, while its 90.6% health insurance coverage and 15.1-minute average commute time indicate a relatively stable population with access to employment opportunities, making it a viable investment option.
How does the city's ethnic diversity and industry landscape impact real estate demand? +
The city's top ethnicities, including White and White Non-Hispanic, and its diverse industries such as Construction, Public Administration, and Transportation, contribute to a stable demand for housing, with the employed population of 7,932 and median property value of $77,900 supporting a relatively strong rental market.
What are the implications of Mattoon's poverty rate and health insurance coverage on tenant quality? +
The 21.0% poverty rate combined with 90.6% health insurance coverage suggests that while there may be some challenges with tenant quality, the overall stability of the population and access to healthcare can mitigate these risks, making it a relatively attractive market for investors.
How do the city's commute times and transportation options impact quality of life and property values? +
The average commute time of 15.1 minutes and top commute methods of driving alone, carpooling, and working from home indicate a high level of convenience and flexibility, which can contribute to a better quality of life and support higher property values, with the median property value of $77,900 reflecting the city's relatively affordable and desirable housing market.
What role do income inequality and homeownership rates play in shaping the local real estate market? +
The GINI coefficient of 0.465 and homeownership rate of 57.9% suggest a relatively balanced market with opportunities for both renters and owners, while the median household income of $35,836 and median property taxes of $4,666 provide a framework for understanding the affordability and potential returns on investment in the Mattoon real estate market.

Mattoon IL Real Estate & City Facts

Key facts and real estate information about Mattoon IL.

What are some of the best neighborhoods to live in Mattoon? +
Some of the best neighborhoods to live in Mattoon include Moultrie/Dewitt Ave, which is known for its friendly atmosphere and is a family-friendly area. Other neighborhoods to consider are those near the downtown district, which offers a charming area lined with local shops and restaurants.
What are some fun things to do in Mattoon? +
There are plenty of fun things to do in Mattoon, including visiting the Warren James Winery, playing a round of golf at Meadowview Golf Course, or bowling at Mattoon Lanes Bowling Alley. You can also explore the Douglas Hart Nature Center or take a stroll through the Friendship Garden. For some unique experiences, check out the Illinois' Original Burger King or the Blalack & Walter Well No. 1.
What is the food scene like in Mattoon? +
The food scene in Mattoon is surprisingly diverse, with a range of options to satisfy any appetite. For classic American fare, try out Burger King or Texas Roadhouse. For Italian food, head to Luigis Italian Restaurant or Villa Pizza. If you're in the mood for something sweet, visit the Honey Bee Cafe. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in Mattoon? +
The pros of living in Mattoon include its affordable cost of living, charming downtown district, and friendly community. However, some cons to consider are the limited job opportunities and lower median household income compared to other cities. Additionally, the city's economy is heavily reliant on industries such as construction and public administration, which can be affected by economic downturns. Overall, Mattoon is a great option for those looking for a small-town feel with a strong sense of community.
Is Mattoon a good place to live? +
Mattoon can be a good place to live for those who value a small-town atmosphere and a strong sense of community. The city offers a range of amenities, including parks, restaurants, and shops, and is relatively affordable compared to other cities. However, it's essential to weigh the pros and cons and consider factors such as job opportunities, education, and healthcare before making a decision. Ultimately, whether Mattoon is a good place to live depends on your individual priorities and preferences.
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