Mining subsided lakes are major obstacles for ecological restoration and resource reuse in mining regions. Transforming mining subsided lakes into artificial wetlands is an ecological restoration approach that has been attempted in China in recent years, but a value assessment of the approach still needs systematic research. This paper considers Jiuli Lake wetland, an artificial wetland derived from restoration of a mining subsided lake in plain area, as a case study. A value assessment model for the artificial wetland was established based on cost-benefit analysis by means of field monitoring, social surveys, GIS geostatistics, raster calculation methods, etc. Empirical analysis and calculations were performed on the case study region. The following conclusions were drawn: (1) after ecological restoration, ecosystem services of Jiuli Lake wetland which has become a national level wetland park yield positive values; (2) the improved environment of the Jiuli Lake wetland has a spillover effect on the price of surrounding land, resulting in land price appreciation; (3) using GIS geostatistics and raster calculation methods, the impact range, strength, and value of the spillover effect can be explicitly measured; (4) through the establishment of a value assessment model of the artificial wetland, incomes of the ecological restoration was found to be sufficient to cover the implementation costs, which provides a research foundation for economic feasibility of ecological restoration of mining subsided lakes.