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Property profile & analytics
OFF-MARKET
Land

115C Independence Dr Chatham, IL 62629

1.12 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.12-acre commercial lot, identified by APN 28010432007, presents a remarkable investment opportunity in Chatham, Illinois. Situated at 115C 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 Route 4 and Plummer Boulevard. Daily traffic counts in this area range from 14,900 to 17,400 vehicles. This strategic location offers unparalleled exposure to a thriving consumer base. The property's proximity to established businesses such as County Market, Dollar General, Walgreens, Goodwill, Snap Fitness, Pizza Hut, Casey's, Arby's, and AT&T further enhances its appeal and potential for strong returns. The asking price for this exceptional commercial land is $399,990. This represents a unique chance to capitalize on the continued development and growth within this desirable area of Chatham. Don't miss this opportunity to secure a prime piece of commercial real estate in a high-traffic, high-growth location.

Property profile
Verified
Property type Land
Lot 1.12 ac (48,787 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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