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Property profile & analytics

315 Chatham Rd Springfield, IL 62704-1497

  • Commercial real estate
  • 1.88 lot acres
OFF-MARKET
Value Estimations
$340,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-5499508
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Jazzercise / Gym
  • Famous Salon / Beauty Salon
  • Village Cleaners / Dry Cleaner
  • Hope Thrift Center Cafe Esperanza / Thrift Store
  • Pup.E.Tails / Pet Groomer

Property Details for 315 Chatham Rd

Lot size
1.88 lot acres
Property type
Commercial real estate
APN
14-32.0-155-041
APU
14320155041

Description

This exceptional commercial property, located at 315 Chatham Road in Springfield, Illinois, presents a compelling investment opportunity. Situated on a prominent corner lot at the intersection of Chatham Road and West Monroe, this 1.88-acre parcel boasts a well-maintained building currently housing established tenants. The property's zoning allows for a variety of commercial uses, including office and retail spaces, offering flexibility for future development or continued operation under existing leases. The substantial parking lot provides ample space for customers and employees. The asking price is $419,000, reflecting the property's strong potential for return on investment. This location on the west side of Springfield benefits from high visibility and convenient access to major roadways, ensuring significant foot and vehicle traffic. The property's current condition and existing tenancy make it an attractive option for investors seeking a stable, income-generating asset with significant upside potential. The property is zoned for commercial use and is ready for immediate occupancy. Detailed financial information and tenant lease agreements are available upon request. This is a rare opportunity to acquire a well-established commercial property in a desirable Springfield location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $340,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6879
Latitude
39.798
CBSA code
44100
CBSA name
SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,793
$125,924
$86,642
$212,566
-
$377,772
$259,926
$637,698
More about this property
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