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    805 Chatham Rd Springfield, IL 62704

    Sponsored
    For Sale
    $2,000,000

    Spacious 31,000 sq ft facility, prime location.

    Property size:
    31,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 31,000 square foot commercial building presents a unique investment opportunity in Springfield, Illinois. Situated on a 2.2-acre lot at the highly visible southwest corner of Chatham Road and Lawrence Avenue, this property boasts unparalleled exposure to significant traffic flow. Currently configured as a daycare center, the building offers ample indoor and outdoor space, making it suitable for a variety of commercial uses. The expansive square footage allows for flexible layouts to accommodate diverse business needs. The prime location ensures easy access to all areas of Springfield, providing convenience for both employees and customers. This property represents a rare chance to acquire a substantial commercial building in a desirable location with high visibility and significant potential for future growth. The building's current use as a daycare demonstrates its adaptability and suitability for businesses requiring substantial space. The 2.2-acre lot provides ample room for expansion or outdoor activities, depending on the intended use. This is an exceptional opportunity for businesses seeking a prominent presence in the Springfield market. The asking price of $2,000,000 reflects the significant value and potential of this remarkable property. Don't miss this chance to secure a prime commercial location in a thriving community.

    Property Features for 805 Chatham Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    31,000 SF
    Lot Size
    95,832 SF

    Building Details

    Year Built
    1990
    Property Profile Location Intelligence

    Current Use by Public Records

    Building Blocks Preschool ... Day Care Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.68746
    Latitude
    39.79345

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious 31,000 sq ft facility, prime location.
    Where is this commercial real estate located?
    The property is located at 805 Chatham Rd Springfield, IL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    Request Owner's contact information
    805 Chatham Rd Springfield, IL 62704
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    805 Chatham Rd Springfield, IL 62704
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