215-221 Main St Chatham, IL 62629
This exceptional commercial property, located at 215-221 N Main Street in Chatham, Illinois, presents a unique investment opportunity. Situated on a 0.49-acre lot, this building boasts a total of 3,238 square feet, currently divided into two tenant spaces (1,764 sq ft and 1,364 sq ft). The property is ideally suited for a variety of uses, including insurance, accounting, or chiropractic offices, offering potential for owner-occupancy with rental income from existing tenants. Its prime location on the southwest corner of Main Street (IL-4) and Walnut Street ensures high visibility and accessibility, benefiting from a daily traffic count of 14,000 vehicles. Current tenants include a hair salon and spa, and a sports memorabilia store. The building's proximity to established businesses such as McDonald's, AJ's, Huck's, Shell, and Sangamo Brewing further enhances its appeal. This is a rare opportunity to acquire a well-positioned commercial property in the heart of Chatham, offering both immediate income potential and long-term growth prospects. The asking price is $689,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.