1120 Old State rd - Sports and Entertainment FOR SALE


Mattoon, IL 61938
$199,000 USD
217-202-0924
1120 Old State rd, Mattoon, IL for Sale
$199,000 USD
Sports and Entertainment - FOR SALE
1/20
null | Request Cap Rate

1120 Old State rd
Mattoon, IL 61938


HIGHLIGHTS

  • Terrific location on Old State Road!
  • One mile away from new 70M sports complex!
  • Great reputation for family fun!
  • Plenty of room to expand amenities!

OVERVIEW

ZAX TRAX is a family entertainment center located on the south edge of Mattoon, IL. The property is located on Old State Road which is one of the busiest roads in Coles County (averaging 5,500 VPD). The complex was developed in 2018 by the current owner in hopes of adding another "family friendly" business to Mattoon & Charleston. ZAX TRAX is your typical "small business". The owners of this property have put their blood, sweat, & tears into it. However time constraints have greatly impacted the ability to grow the business to the level which they feel is still attainable. The current owner is a fulltime pastor. The current owner also started a Christian school a few years ago. That school is expected to grow by another 50% enrollment for the 2024-2025 school year. The "go-cart" facility has only been able to operate on the weekends due to the family schedule. The limited hours in the summer has also impacted growth potential. It was a very difficult decision for them to decide NOT to open for the 2024 season. The city of Mattoon recently started construction of a $70,000,000 sports complex that is projected to bring in 250,000 out of area visitors annually. This facility will be opening in 2024/2025. Here is a breakdown of the scope of the facility: • 4 Baseball/Softball/Multipurpose Turf Fields (300ft) • 4 Baseball/Softball/Multipurpose Turf Fields (400ft) • 4 Soccer/Multipurpose Turf Fields • 4 Soccer/Multipurpose Grass Fields • Championship Fields & warm-up areas • Walking/Bike Path • 140,000 sq ft Indoor Facility – 8 Basketball Courts (16 volleyball courts) – Collegiate Locker Rooms – Family Entertainment Center – Medical Tenant Space – Seating for ~3,000 for large events The economic impact of this sports complex is going to be huge for Mattoon. Here are their current projections: •30 year economic impact of: $3.3 billion •Annual economic impact of $110.5 million in Mattoon $54.4 million on-site $56.1 million off-site •Construction Impact of $194.6 million. ZAX TRAX is one mile away from this new $70,000,000 facility. This listing agent was a travel baseball parent for 10-years. I can assure you that in-between our tournament games we often looked for kid friendly activities. Putt-putt golf, movie theaters, etc. I believe that if the new ownership group works with the sports complex that this facility could absolutely explode with sales volume. The parcel that ZAX TRAX sits on is over 8.00 acres. As a result there is plenty of room for the next ownership group to consider adding additional amenities: •Putt-putt golf course •Batting Cages •Inflatables •Escape Rooms •Arcade •Laser Tag •Paint Ball •Ice Cream ZAX TRAX is also only 1-mile from Lakeland Community College & 12-miles from Eastern Illinois University. This gives the facility access to another 10,000 students who would also be looking for fun outings with friends and clubs. LOCATION: Mattoon is a city in Coles County, Illinois. The population was 16,870 as of the 2020 census. The city is home to Lake Land College and has close ties with its neighbor, Charleston. Both are principal cities of the Charleston–Mattoon Micropolitan Statistical Area. Mattoon is home to several companies. Rural King, which is a large retailer for agricultural supplies, has its headquarters located on the west side of town off of Dewitt Avenue. Other companies who have heavy focus in the area include Consolidated Communications, which is headquartered on Charleston Avenue, as well First Mid Bank & Trust, which has several important corporate facilities in the area. Other manufacturing plants include a Bimbo Bakeries USA plant, a Mars, Incorporated pet food plant, and Justrite. Sarah Bush Lincoln Health System and Carle Foundation Hospital provide many jobs in health care for Mattoon and its neighboring towns and communities, such as Charleston. Both hospitals and facilities are located right off the East side of Interstate 57, heading toward Charleston. The Cross County Mall is the area's major shopping center. It opened in 1971 and it features Rural King, Marshalls, Jo-Ann Fabrics, and Dunham's Sports as its anchor locations. Coles Together is a non-profit economic development organization for Coles County based in Mattoon. Mattoon is located: 12 miles W of Charleston, IL 28 miles NE of Effingham 45 miles SE of Decatur, IL 52 miles S of Champaign, IL 56 miles W of Terre Haute, IN

FOR SALE DETAILS

PRICE

$199,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Zax Trax

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.16 AC

LAND SF

355,450 SF

ZONING

0060

APN/PARCEL ID

07-1-00985-000

ASK ABOUT THIS PROPERTY

Jon FisherMr. LandmanMore Info
217-202-0924

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Jon FisherMr. LandmanMore Info
217-202-0924

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.