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    3725 Chatham Rd Springfield, IL 62704

    Sponsored
    For Sale
    $749,000

    24 Acres, High Visibility, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 24-acre parcel, zoned S-2, presents a unique investment opportunity in Springfield, Illinois. Located at 3725 Chatham Rd, this retail land boasts 150 feet of frontage on Chatham Road, ensuring high visibility and easy accessibility. The property is situated adjacent to the Springfield Racquet and Fitness Center, offering significant synergy potential for complementary businesses. The expansive lot size allows for a multitude of development options, catering to various retail concepts. The permitted zoning, S-2, should be verified with the relevant authorities to confirm its suitability for your specific project. This prime location in Sangamon County, with its zip code 62704, offers excellent access to Springfield's thriving community. While the adjacent Springfield Racquet and Fitness Center, including its pool, pool houses, equipment, and Kids Camp area and buildings, is also available for purchase separately, this listing focuses solely on the 24-acre land parcel. This presents a rare chance to acquire a substantial tract of land in a high-traffic area with considerable development potential. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 3725 Chatham Rd

    General Information

    Property type
    Lifestyle centers
    Lot Size
    1,045,440 SF

    HighLights

    • 24‑acre parcel zoned S‑2 in Springfield, IL.
    • 150 feet of frontage on Chatham Road provides high visibility.
    • Adjacent to Springfield Racquet & Fitness Center.
    • Suitable for various retail developments.
    • Located in Sangamon County, zip code 62704.
    Property Profile Location Intelligence

    Current Use by Public Records

    Springfield Racquet & Fitness ... Gym Kids Camp, Inc. Children'S Camp

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.686641
    Latitude
    39.7505677

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    FAQs

    What type of property is this?
    Lifestyle center - 24 Acres, High Visibility, Development Potential
    Where is this lifestyle center located?
    The property is located at 3725 Chatham Rd Springfield, IL.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: 24-acre parcel zoned S-2 in Springfield, IL.; 150 feet of frontage on Chatham Road provides high visibility.; Adjacent to Springfield Racquet & Fitness Center.
    Request Owner's contact information
    3725 Chatham Rd Springfield, IL 62704
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3725 Chatham Rd Springfield, IL 62704
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