Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    114B Independence Dr Chatham, IL 62629

    Sponsored
    For Sale
    $369,990

    Prime Chatham location, high traffic, B1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2.14-acre commercial lot, identified as APN 28010476004, is situated at 114B Independence Dr, Chatham, IL 62629. Zoned B1, this property presents a remarkable opportunity for commercial development in a thriving area. Located west of Route 4 in Chatham's most affluent suburb, it benefits from exceptionally high vehicle and foot traffic, averaging 14,900-17,400 vehicles daily. Its strategic position near the intersection of Route 4 and Independence Boulevard, south of the Route 4 and Plummer intersection, ensures excellent visibility and accessibility. The property boasts Route 4 frontage adjacent to Foxx Creek Plaza, placing it amongst established retail and commercial neighbors including County Market, Dollar General, Walgreens, Goodwill, Snap Fitness, Pizza Hut, Casey's, Arby's, and AT&T. Residential and commercial development is actively underway in the immediate vicinity, indicating a robust and growing market. The asking price for this prime commercial land is $369,990. This presents a unique chance to capitalize on a high-demand location with strong existing infrastructure and a promising future. Don't miss this opportunity to secure a foothold in this dynamic commercial corridor.

    Property Features for 114B Independence Dr

    General Information

    Property type
    Land
    Lot Size
    93,218 SF

    HighLights

    • 2.14‑acre commercial lot in Chatham, IL (APN 28010476004) at 114B Independence Dr.
    • B1 zoning allows for commercial development.
    • High traffic area (14,900‑17,400 vehicles daily) with excellent visibility near Route 4 and Independence Boulevard.
    • Located near established businesses including County Market, Dollar General, and others in Foxx Creek Plaza.
    • Asking price: $369,990.
    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

    Nearby Comparable

    • $379,990
      3.24 Acres

      Chatham Commercial Land - Prime Location

      3.24 Acres, B2 Zoning, High Traffic Area
      115A Independence Dr, Chatham, IL 62629
      View Details
    • $449,990
      6.12 Acres

      Chatham Commercial Land - 6.12 Acres

      Prime Chatham location, high traffic, B1 zoning.
      150 Independence Dr, Chatham, IL 62629
      View Details
    • $399,990
      3.93 Acres

      Chatham Commercial Land - Prime Location

      3.93-acre lot, B2 zoning, high traffic area.
      71 Plummer Blvd, Chatham, IL 62629
      View Details
    • Contact for pricing
      1.12 Acres

      Chatham Commercial Land Opportunity

      Prime IL commercial lots, high traffic area.
      Lots Foxx Crk, Chatham, IL 62629
      View Details
    • $395,000
      3,430 SF

      Chatham Commercial Building - Great Location!

      Spacious Commercial Building, Ample Parking, Ideal for Auto or Warehouse Use.
      11 Cottonwood Dr, Chatham, IL 62629
      View Details
    • New
      $395,000
      0.93 Acres

      Chatham Commercial Building For Sale

      Commercial building in excellent condition with great visibility and accessibility.
      11 Cottonwood Dr, Chatham, IL 62629
      View Details
    • $419,900

      Chatham, IL Four-Unit Investment

      Four-unit property in Chatham, Illinois with long-term tenants.
      26/28/30/32 Cir Dr, Chatham, IL 62629
      View Details
    • $689,900

      Chatham Commercial Building - Prime Location

      High-traffic, multi-use building, excellent investment.
      215-221 Main St, Chatham, IL 62629
      View Details

    Nearby Similar for Sale

    • New
      $395,000
      0.93 Acres

      Chatham Commercial Building For Sale

      Commercial building in excellent condition with great visibility and accessibility.
      11 Cottonwood Dr, Chatham, IL 62629
      View Details
    • $689,900

      Chatham Commercial Property For Sale

      Commercial property in the heart of Chatham, Illinois, for sale.
      215-221 N Main St, Chatham, IL 62629
      View Details
    • $419,900

      Chatham, IL Four-Unit Investment

      Four-unit property in Chatham, Illinois with long-term tenants.
      26/28/30/32 Cir Dr, Chatham, IL 62629
      View Details
    • $275,000

      Commercial Building in Chatham, Illinois

      Strip-style building with four units and high visibility.
      602 E Walnut St, Chatham, IL 62629
      View Details
    • $299,000
      2,240 SF

      Chatham Commercial Building - Great Investment!

      Four-unit building, high visibility, updated. Excellent rental income.
      602 Walnut St, Chatham, IL 62629
      View Details
    • $395,000
      3,430 SF

      Chatham Commercial Building - Great Location!

      Spacious Commercial Building, Ample Parking, Ideal for Auto or Warehouse Use.
      11 Cottonwood Dr, Chatham, IL 62629
      View Details
    • $325,000
      8.37 Acres

      Chatham Commercial Land - 8 Acres

      Prime Chatham land, ideal for development. 8+ acres, sewer available.
      000 Main St, Chatham, IL 62629
      View Details
    • $325,000

      Chatham, IL: 8+ Acre Development Land

      Prime 8+ acre Chatham, IL development opportunity.
      000 Main St, Chatham, IL 62629
      View Details

    FAQs

    What type of property is this?
    Land - Prime Chatham location, high traffic, B1 zoning.
    Where is this land located?
    The property is located at 114B Independence Dr Chatham, IL.
    What is the asking price?
    The asking price for this property is $369,990.
    What are key features of this property?
    This property features: 2.14-acre commercial lot in Chatham, IL (APN 28010476004) at 114B Independence Dr.; B1 zoning allows for commercial development.; High traffic area (14,900-17,400 vehicles daily) with excellent visibility near Route 4 and Independence Boulevard.
    (217) 547-6650
    Request Owner's contact information
    114B Independence Dr Chatham, IL 62629
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    114B Independence Dr
    Chatham, IL 62629
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    114B Independence Dr Chatham, IL 62629
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.