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Property profile

215-221 Main St Chatham, IL 62629

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

215-221 Main St Chatham, IL 62629
Chatham metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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