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Property profile & analytics
OFF-MARKET
Land

115A Independence Dr Chatham, IL 62629

3.24 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 3.24 ac (141,134 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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