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Four-Unit Strip Mall Building
For Sale
$215,000

602 E WALNUT Street, Chatham, IL 62629

Commercial Sale, Chatham, IL

Property SizeContact for details
Days on Market260

Property Features for 602 E WALNUT Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning commercial
Directions Rt 4 to Chatham Turn East on Walnut building on South side
Standard status Active
APN 29070328006

Taxes and HOA fees

Tax Annual Amount 5583

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Multi Units, Central Air

Building Details

Floors in Building 1
Flooring type Tile
Building materials Brick, Vinyl Siding, Frame
Roof type Shake
Listing Agency: The Real Estate Group, Inc.
Listed By: Todd Musso · License #471001796
Added: Jan 9 Changed: Sep 16 Last Checked: Sep 26 at 6:06PM
MLS# CA1041261

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.

This strip mall building at 602 E Walnut Street in Chatham is divided into four separate units. The units have been updated, and the property features tile flooring along with a new shake roof. Building systems include natural gas forced-air heating and central air conditioning supported by multiple cooling units. Public sewer serves the property. The combination of multiple units and updated interior areas provides a defined commercial layout for ownership or occupancy planning.

Key Highlights

  • Four separate commercial units within one strip mall building
  • Updated units with tile flooring
  • New shake roof

Property Analytics

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Current Use

Barkers Paradise Pet ... Pet Grooming Service Doggie Stylez pet ... Pet Grooming Service Amanda Camden Photography Photography Service All Dolled Up ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic (Bike/Boat/Book/etc) 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

377
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - The property contains four separate units with updated interiors and a recently installed roof.
Where is this strip mall located?
The property is located at 602 E WALNUT Street Chatham, IL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Four separate commercial units within one strip mall building; Updated units with tile flooring; New shake roof
More about this property
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