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Property profile

1000 Jason Pl Chatham, IL 62629

OFF-MARKET
Neighborhood centers
5,045 SF Built 2024
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Property summary

AI-generated overview

This exceptional 5,045 square foot retail strip center, built in 2024, presents a unique lease-up opportunity in the thriving Chatham, IL community. Located at 1000 Jason Pl, this single-story building boasts three suites, with 2,640 square feet currently available. Units range from 960 to 1,680 contiguous square feet, offering flexibility for various retail concepts. The "vanilla shell" spaces feature concrete floors, finished ceilings, restrooms, basic lighting, HVAC/ductwork, and electrical. The property sits on a 0.84-acre lot and provides ample parking with 40 spaces. Benefit from high visibility and frontage on IL-4/Main St, experiencing a significant 17,400 AADT. This prime location is surrounded by established businesses, including Walgreens, AT&T, and Domino's, ensuring high foot traffic and brand synergy. The Chatham area offers a strong economic environment, with a low unemployment rate (2.2%), high educational attainment (97.1% high school graduation rate, 41.3% Bachelor's degrees), and a projected population growth of 2.7% within a 1-mile radius over five years. The median home value within a mile radius is $277,383, indicating a strong consumer base. The property is zoned B-1, Community Business District (Village of Chatham), and its APN is 28-01.0-485-023. This is an ideal opportunity for businesses seeking a high-visibility location in a prosperous and growing community. The center is conveniently located near major roadways and other retail establishments, offering excellent accessibility and exposure. Don't miss this chance to establish your business in this vibrant and successful area.

Property profile

Verified
Property type Neighborhood centers
Year built 2024
Total area 5,045 SF

Cap rate & NOI

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

Location

1000 Jason Pl 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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