115A Independence Dr Chatham, IL 62629
This exceptional 3.24-acre commercial lot, identified by APN 28010432005, presents a remarkable investment opportunity in Chatham, Illinois. Situated at 115A Independence Dr, 62629, this B2-zoned property boasts a prime location within Springfield's most affluent suburb, experiencing significant residential and commercial growth. The lot enjoys exceptional visibility and accessibility, positioned west of Route 4 in an area with high vehicle and pedestrian traffic, near the intersection of Route 4 and Independence Boulevard, south of the Route 4 and Plummer intersection. Daily traffic counts range from 14,900 to 17,400 vehicles, ensuring substantial exposure for any development. This strategic location offers immediate proximity to a thriving retail corridor, with established neighbors including County Market, Dollar General, Walgreens, Goodwill, Snap Fitness, Pizza Hut, Casey's, Arby's, and AT&T. The asking price for this exceptional property is $379,990. Its ideal location and high traffic volume make it an exceptional opportunity for a variety of commercial ventures. The property's size and zoning provide ample flexibility for development, catering to a wide range of commercial uses. Don't miss this chance to secure a prominent position in a rapidly expanding market.
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.