150 Independence Dr Chatham, IL 62629
This exceptional 6.12-acre commercial lot, located at 150 Independence Dr, Chatham, IL 62629 (APN 28010432006), presents a unique investment opportunity in Springfield's most affluent suburb. Boasting a B1 zoning designation, this property is ideally situated in a high-traffic area, west of Route 4, near the intersection of Route 4 and Independence Boulevard, south of the Route 4 and Plummer intersection. The lot benefits from strong daily traffic counts ranging from 14,900 to 17,400 vehicles, ensuring high visibility and accessibility for any commercial venture. This prime location is surrounded by established businesses, including County Market, Dollar General, Walgreens, Goodwill, Snap Fitness, Pizza Hut, Casey's, Arby's, and AT&T, creating a thriving commercial environment. The property's proximity to Foxx Creek Plaza and ongoing residential and commercial development in the immediate area further enhances its value and potential. With an asking price of $449,990, this land offers significant potential for growth and return on investment. Don't miss this chance to secure a prominent location in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.