Neighborhood Retail
75 Plummer Boulevard Chatham, IL 62629
75 Plummer Boulevard, Chatham, IL, 62629
$4,265,000
For Sale
$4,265,000
Fee simple investment opportunity with 28,123 square feet of neighborhood retail space currently 85% occupied.
Property Size28,123 SF
Price / SF$151.66
Days on Market30
Property Features for 75 Plummer Boulevard
General Information
- Standard status
- Active
- Size
- 28,123 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Properties For Sale
at 75 Plummer Boulevard Contact us
Listing agency
(602) 418-2197
Listed by
Gregory White
(602) 418-2197
Source
Srsre
Added: Jun 23 Updated: Jul 22 at 2:16AM Checked: Jul 22 at 2:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gregory White
Investment Insights
Based on property information with market context.
Plummer Plaza is a 28,123-square-foot neighborhood retail center offered for fee simple acquisition. The property is currently 85% occupied by a mix of national, government, and local tenants. Reported tenants include Dollar Tree, USPS, and Scoop Du Jour.
The center is located at 75 Plummer Boulevard in Chatham, Illinois. The current tenant mix is supported by a weighted average remaining lease term of approximately 7.0 years, as stated in the offering materials.
This offering is structured for an investor seeking an occupied retail asset with existing in-place leases and ongoing tenant revenue at the time of sale.
The center is located at 75 Plummer Boulevard in Chatham, Illinois. The current tenant mix is supported by a weighted average remaining lease term of approximately 7.0 years, as stated in the offering materials.
This offering is structured for an investor seeking an occupied retail asset with existing in-place leases and ongoing tenant revenue at the time of sale.
Key Highlights
- Fee simple interest in Plummer Plaza, a 28,123‑SF neighborhood retail center
- Currently 85% occupied with a mix of national, government, and local tenants
- Tenants include Dollar Tree, USPS, and Scoop Du Jour
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $421.8k | $15.00 |
| − Vacancy | −$33.7k | −$1.20 |
| EGI | $388.1k | $13.80 |
| − OpEx | −$116.4k | −$4.14 |
| NOI | $271.7k | $9.66 |
28,123 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.88M
$3.40M – $4.53M
NOI $271,668 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.21M
$5.43M – $7.25M
NOI $434,777 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Fee simple investment opportunity with 28,123 square feet of neighborhood retail space currently 85% occupied.
Where is this strip mall located?
The property is located at 75 Plummer Boulevard Chatham, IL.
What is the asking price?
The asking price for this property is $4,265,000.
What are key features of this property?
This property features: Fee simple interest in Plummer Plaza, a 28,123‑SF neighborhood retail center; Currently 85% occupied with a mix of national, government, and local tenants; Tenants include Dollar Tree, USPS, and Scoop Du Jour
