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Property profile & analytics
OFF-MARKET
Land

150 Independence Dr Chatham, IL 62629

6.12 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 6.12 ac (266,587 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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