1529 Main St Chatham, IL 62629
This exceptional 48.99-acre parcel presents a unique development opportunity in Chatham, Illinois, strategically positioned between Chatham and Springfield. The property boasts excellent visibility and accessibility directly off Route 4, offering significant advantages for developers. Its location at 1529 N Main St provides three convenient access points, ensuring smooth ingress and egress for both residential and commercial traffic. This prime location benefits from strong neighboring businesses, creating a vibrant and established commercial environment. Nearby businesses include County Market, Dollar General, Walgreens, Goodwill, Snap Fitness, Pizza Hut, Casey's, Arby's, and AT&T, providing a diverse range of retail and commercial options for potential residents and customers. The property's APN is 28-01.0-200-025. This versatile land offers significant potential for a variety of commercial and residential developments, capitalizing on its high-traffic location and proximity to established amenities. The substantial lot size allows for ample flexibility in design and development plans, making it an attractive investment for discerning developers seeking a prime location in a thriving community. This is a rare opportunity to acquire a large, well-located parcel in a growing area of Illinois.
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.