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    000 Main St Chatham, IL 62629

    Sponsored
    For Sale
    $325,000

    Prime 8+ acre Chatham, IL development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8+ acre property, located at 000 Main Street in Chatham, Illinois (zip code 62629), presents a unique development opportunity. Zoned AG, this expansive parcel boasts significant frontage, ideal for a variety of commercial ventures. The land features existing sewer access, a considerable advantage for future construction projects. A key feature is the potential for walk-out basements on most of the lots, enhancing the desirability of future residential development. Preliminary assessments suggest the site could accommodate at least ten single-family homes. Access to the property is conveniently provided via Piper Glen. It's important to note that a single-family dwelling situated on the northwest corner of the property is not included in this sale; the sale encompasses only the 8+ acres of land. This location offers a blend of commercial and residential potential, making it an attractive investment for developers seeking a versatile and strategically located site in the thriving Chatham, Illinois market. The property's coordinates are 39.6575185 latitude and -89.7042863 longitude. The asking price for this exceptional development opportunity is $325,000.

    Property Features for 000 Main St

    General Information

    Property type
    Specialty properties

    HighLights

    • $325,000 asking price.
    • Special purpose property.
    • Zero existing buildings on 8+ acres.
    • AG zoning with sewer access.
    • Suitable for 10+ homes, many with walkout potential.
    • Excellent road frontage ideal for commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.7042863
    Latitude
    39.6575185

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    Nearby Similar for Sale

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      Commercial Building in Chatham, Illinois

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      Chatham Commercial Building - Great Location!

      Spacious Commercial Building, Ample Parking, Ideal for Auto or Warehouse Use.
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      Chatham Commercial Land - 8 Acres

      Prime Chatham land, ideal for development. 8+ acres, sewer available.
      000 Main St, Chatham, IL 62629
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    FAQs

    What type of property is this?
    Specialty property - Prime 8+ acre Chatham, IL development opportunity.
    Where is this specialty property located?
    The property is located at 000 Main St Chatham, IL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: $325,000 asking price.; Special purpose property.; Zero existing buildings on 8+ acres.
    Request Owner's contact information
    000 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
    000 Main St Chatham, IL 62629
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