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1120 Old State rd - Zax Trax

400 SF Sports & Entertainment Building Offered at £155,708 in Mattoon, IL 61938

Investment Highlights

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

Executive Summary

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

Attachments

ZaxTraxLLC OM

Property Facts

Price £155,708
Price Per SF £389
Sale Type Investment or Owner User
Sale Conditions Business Value Included
Property Type Sports & Entertainment
Property Subtype Amusement Park
Lot Size 8.16 AC
Building Size 400 SF
Number of Floors 1
Year Built/Renovated 2018/2023

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-1-00985-000
Land Assessment
£28,269
Improvements Assessment
£21,103
Total Assessment
£49,372

zoning

Zoning Code 0060 (Improved Commercial)
0060 (Improved Commercial)
  • Listing ID: 31522931

  • Date on Market: 16/04/2024

  • Last Updated:

  • Address: 1120 Old State rd, Mattoon, IL 61938

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