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Standalone Flex Space with Shop
For Sale
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40 Kemp Drive, Chatham, IL 62629

Office and light industrial improvements support varied commercial functions.

Property SizeContact for details
Days on Market144

Property Features for 40 Kemp Drive

General Information

Standard status Active
Total Parking Spaces 28
Property subtype Industrial

Warehouse & Industrial

Clear Height 10 ft
Three-Phase Power Yes

Additional Details

Utilities to Site Yes

Amenities

conference room
kitchenette
multi-purpose room

Building Details

Year Built 1999
Buildings 3
Listing Agency: Todd P Smith Real Estate Inc
Listed By: Todd Smith · License #IL 471004523
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 1:33PM

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 Todd P Smith Real Estate Inc

Investment Insights

Based on property information with market context.

This standalone flex property combines a finished office building with a detached shop and garage. The main structure includes private offices, a conference room, IT room, kitchenette, multipurpose room, engineering room, open work area, shop rooms, and storage. Additions were completed in 2005 and 2008, following the original 1999 construction, and the main building received a roof replacement in 2014. Suspended acoustical tile ceilings range from 8’–10’. Both the garage and shop include overhead doors, while 3-phase electric serves one side of the main building and the shop.

The property is positioned within a light industrial park in Chatham, Illinois. On-site parking provides 28 spaces. The existing configuration supports office, collaboration, assembly, showroom, laboratory, light manufacturing, and warehouse functions.

Key Highlights

  • Flex property with a finished office building plus detached shop and garage
  • Built in 1999 with additions completed in 2005 and 2008
  • Main building roof installed in 2014

Property Analytics

Current Use

The Owl's Nest Hair ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Pharmacy Auto Parts Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10 ft
Clear height
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

114
Businesses Nearby
Balanced
Demand for This Use

Demographics for 62629, IL

15,255
Population
6,160
Households
2.5
Avg Household Size
37
Median Age
50%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
437
Density / Sq Mi
$106,373
Median Household Income
$60,951
Median Earnings
$1,159
Median Rent
$232,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Office and light industrial improvements support varied commercial functions.
Where is this flex space located?
The property is located at 40 Kemp Drive Chatham, IL.
What are key features of this property?
This property features: Flex property with a finished office building plus detached shop and garage; Built in 1999 with additions completed in 2005 and 2008; Main building roof installed in 2014
(217) 553-5439 Call to check price and availability
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