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Midtown Mattoon Multi Tenant Office Building 123 N 15th St 14,588 SF 100% Leased Office Building Mattoon, IL 61938 $1,517,769 CAD ($104.04 CAD/SF) 7.96% Cap Rate
Executive Summary
Investment opportunity!!! Well kept office building in downtown Mattoon with stable, long term tenants, including engineering firm , State of Illinois, Lee Enterprises. Property has large (75 spaces) parking lot, great curb appeal with convenient location to Mid-Town Mattoon. Complete New Roof in 2025 on entire building along with all new HCAV rooftop units in last 2 years. One small office space (288 sf) is available for rent.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,588 SF
Year Built/Renovated
1972/2026
Price
$1,517,769 CAD
Price Per SF
$104.04 CAD
Cap Rate
7.96%
NOI
$120,870 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,588 SF
Zoning
Commercial
Amenities
- Courtyard
- Reception
- Air Conditioning
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $480,045 CAD (2024) | |
| Land Assessment | $71,839 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $408,207 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$71,839 CAD (2024)
Improvements Assessment
$408,207 CAD (2024)
Total Assessment
$480,045 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Midtown Mattoon Multi Tenant Office Building | 123 N 15th St
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