315 Chatham Rd Springfield, IL 62704-1497

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.

Location Insight

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