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    215-221 Main St Chatham, IL 62629

    For Lease
    $14 SF/Yr

    High-traffic location, versatile space, excellent visibility.

    Lot size:
    1,764 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 215-221 N Main Street in Chatham, IL, presents a unique investment opportunity. Situated on the southwest corner of Main Street (IL4) and Walnut, this property boasts unparalleled visibility and accessibility. The site offers a total of 3,600 square feet, currently divided into three separate spaces: 1,764 square feet, 1,364 square feet, and 472 square feet. The zoning is B-2, allowing for a variety of commercial uses. The property is ideal for businesses such as insurance agencies, accounting firms, or chiropractic offices, given its prime location and ample space. Benefit from high daily traffic counts of approximately 14,000 vehicles, ensuring significant exposure for your business. The property's convenient location places it in close proximity to several established businesses, including McDonald's, AJ's, Hucks, Shell, and Sangamo Brewing, further enhancing its appeal and potential for success. This single-tenant property (APN: 28120428014) offers a blend of versatility and prime location, making it an attractive investment for discerning buyers. The property is classified as Land, Office, Restaurant, and Retail.

    Property Features for 215-221 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,764 SF

    Unit(s) available at that property

    Space
    Size
    1,764 SF
    Rate per SF
    $14

    HighLights

    • Prime Chatham location at the southwest corner of Main St. and Walnut St.
    • Single‑tenant commercial property totaling 3,600 square feet, currently divided into three suites (1,764 sq ft, 1,364 sq ft, and 472 sq ft).
    • B‑2 Zoning.
    • High traffic count of 14,000 cars daily, offering excellent visibility.
    • Surrounded by national and local businesses including McDonald's, AJ's, Hucks, Shell, and Sangamo Brewing.
    • APN: 28120428014.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.70486
    Latitude
    39.6760749

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    Nearby Similar for Lease

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      Retail Center Near IL-4

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, versatile space, excellent visibility.
    Where is this restaurant located?
    The property is located at 215-221 Main St Chatham, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime Chatham location at the southwest corner of Main St. and Walnut St.; Single-tenant commercial property totaling 3,600 square feet, currently divided into three suites (1,764 sq ft, 1,364 sq ft, and 472 sq ft).; B-2 Zoning.
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    215-221 Main St Chatham, IL 62629
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    Chatham, IL 62629
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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
    215-221 Main St Chatham, IL 62629
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