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    162 Chestnut St Canton, IL 61520

    Sponsored
    For Lease
    $9 SF/Yr

    Prime Canton location, 875 sq ft office/retail space.

    Lot size:
    875 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional commercial property at 162 E Chestnut Street in Canton, Illinois, presents a fantastic opportunity for businesses seeking a versatile and well-located space. The single-tenant building, zoned B-3, offers 875 square feet of adaptable space, previously configured as an office with two private offices and a sizable meeting room. The layout is ideal for a variety of uses, making it suitable for a range of commercial enterprises. The property includes ample parking with 20 spaces available for tenants and their clients. The building sits on a parcel identified by APN 09-08-27-433-024. This main floor space is ready for immediate occupancy, eliminating any waiting period for your business to begin operations. The property's location in Canton, IL (zip code 61520) provides excellent access to local amenities and a strong customer base. Note that adjoining space is also available for lease, providing potential for expansion or collaboration with complementary businesses. This is a rare opportunity to secure a well-maintained, conveniently located commercial space in a thriving community. Inquire today to learn more about this exciting prospect.

    Property Features for 162 Chestnut St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    875 SF

    Unit(s) available at that property

    Space
    C
    Size
    875 SF
    Rate per SF
    $9
    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
    Canton
    County
    Fulton
    State
    Illinois
    Longitude
    -90.0321792
    Latitude
    40.5568504

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    FAQs

    What type of property is this?
    Retail property - Prime Canton location, 875 sq ft office/retail space.
    Where is this retail property located?
    The property is located at 162 Chestnut St Canton, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    Request Owner's contact information
    162 Chestnut St Canton, IL 61520
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    Canton, IL 61520
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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
    162 Chestnut St Canton, IL 61520
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