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    115A Independence Dr Chatham, IL 62629

    Sponsored
    For Sale
    $379,990

    3.24 Acres, B2 Zoning, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 3.24-acre commercial lot, identified by APN 28010432005, presents a remarkable investment opportunity in Chatham, Illinois. Situated at 115A Independence Dr, 62629, this B2-zoned property boasts a prime location within Springfield's most affluent suburb, experiencing significant residential and commercial growth. The lot enjoys exceptional visibility and accessibility, positioned west of Route 4 in an area with high vehicle and pedestrian traffic, near the intersection of Route 4 and Independence Boulevard, south of the Route 4 and Plummer intersection. Daily traffic counts range from 14,900 to 17,400 vehicles, ensuring substantial exposure for any development. This strategic location offers immediate proximity to a thriving retail corridor, with established neighbors including County Market, Dollar General, Walgreens, Goodwill, Snap Fitness, Pizza Hut, Casey's, Arby's, and AT&T. The asking price for this exceptional property is $379,990. Its ideal location and high traffic volume make it an exceptional opportunity for a variety of commercial ventures. The property's size and zoning provide ample flexibility for development, catering to a wide range of commercial uses. Don't miss this chance to secure a prominent position in a rapidly expanding market.

    Property Features for 115A Independence Dr

    General Information

    Property type
    Land
    Lot Size
    141,134 SF

    HighLights

    • 3.24‑acre commercial lot in Chatham, IL (APN 28010432005).
    • Located at 115A Independence Dr, Chatham, IL 62629, in Springfield's affluent suburb.
    • B2 zoning allows for a variety of commercial uses.
    • High visibility and accessibility on Route 4, with daily traffic counts of 14,900‑17,400 vehicles.
    • Surrounded by strong retail anchors including County Market, Dollar General, and others.
    • Asking price: $379,990.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.7051866
    Latitude
    39.6887401

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    FAQs

    What type of property is this?
    Land - 3.24 Acres, B2 Zoning, High Traffic Area
    Where is this land located?
    The property is located at 115A Independence Dr Chatham, IL.
    What is the asking price?
    The asking price for this property is $379,990.
    What are key features of this property?
    This property features: 3.24-acre commercial lot in Chatham, IL (APN 28010432005).; Located at 115A Independence Dr, Chatham, IL 62629, in Springfield's affluent suburb.; B2 zoning allows for a variety of commercial uses.
    (217) 547-6650
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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
    115A Independence Dr Chatham, IL 62629
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