200 W WALNUT Street Chatham, IL 62629
COMMERCIAL - Chatham, IL
- Added:
- May 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 14 at 12:06 am
Property Features for 200 W WALNUT Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-2
- Standard status
- Pending
- APN
- 28-12.0-427-019
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 4108
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Flooring type
- Carpet
- Building materials
- Brick, Concrete, Aluminum Siding
- Roof type
- Metal
Listing agent Crystal Commean (217) 685-9575
Listing office RE/MAX Professionals 2667 Farragut Drive, Springfield, IL (217) 787-7215
Listing date May 29, 2026
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 200 W Walnut Street in Chatham, the property is zoned B-2. Exterior amenities include a generous parking lot with space for approximately 20 vehicles, plus additional yard space that may support a range of business needs.
The layout and finishes make the property practical for a variety of user types, including retail, office, studio, and service-based businesses. With its reception area, multiple rooms, and bathroom setup, it can work well for companies looking for a turn-key space that supports both customer-facing operations and day-to-day administration.
Key Highlights
- Approximately 2,000 sq. ft. commercial building with an open‑concept layout and large front windows
- Includes a reception desk, large open area, utility/sink closet, two spacious bathrooms, and a large walk‑in closet for office use
- Recent updates include fresh paint and brand‑new laminate flooring; move‑in ready for the next business
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 | $30.0k | $15.00 |
| − Vacancy | −$2.4k | −$1.20 |
| EGI | $27.6k | $13.80 |
| − OpEx | −$8.3k | −$4.14 |
| NOI | $19.3k | $9.66 |
