Property profile

000 Main St Chatham, IL 62629

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional 8+ acre property, located at 000 Main Street in Chatham, Illinois (zip code 62629), presents a unique development opportunity. Zoned AG, this expansive parcel boasts significant frontage, ideal for a variety of commercial ventures. The land features existing sewer access, a considerable advantage for future construction projects. A key feature is the potential for walk-out basements on most of the lots, enhancing the desirability of future residential development. Preliminary assessments suggest the site could accommodate at least ten single-family homes. Access to the property is conveniently provided via Piper Glen. It's important to note that a single-family dwelling situated on the northwest corner of the property is not included in this sale; the sale encompasses only the 8+ acres of land. This location offers a blend of commercial and residential potential, making it an attractive investment for developers seeking a versatile and strategically located site in the thriving Chatham, Illinois market. The property's coordinates are 39.6575185 latitude and -89.7042863 longitude. The asking price for this exceptional development opportunity is $325,000.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

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

Location

000 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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