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    100 Chatham Rd Springfield, IL 62704

    • Commercial real estate
    • 0.52 lot acres
    For Lease
    View listing
    Value Estimation
    $360,000
    Last Sale
    Oct 25, 2021
    Location Intelligence
    Property ID
    US28-2915770
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 100 Chatham Rd

    Lot size
    0.52 lot acres
    Property type
    Commercial real estate
    APN
    14-32.0-126-011
    APU
    14320126011

    Description

    This exceptional retail property, located at 100 Chatham Rd in Springfield, Illinois (zip code 62704), presents a compelling investment opportunity. The property is a multi-tenant shopping center/strip center totaling 6,311 square feet, with 1,400 square feet currently available for lease. Situated in Sangamon County, this location benefits from high visibility and convenient access, thanks to its proximity to Veterans Parkway. The property enjoys a strong flow of foot traffic, driven by its strategic placement near the bustling White Oaks Mall, a major shopping destination featuring a diverse range of national retailers and restaurants. This ensures a consistent stream of potential customers for your business. The surrounding area also boasts a significant residential population, further enhancing the property's appeal and potential for success. The available 1,400 square feet offers a blank canvas for a variety of retail concepts, allowing for customization to meet specific business needs. This is a prime opportunity to establish a thriving retail presence in a vibrant and well-established commercial area of Springfield, Illinois. Don't miss out on this chance to capitalize on the high-traffic location and strong potential for growth.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $420,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $470,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $390,000
      Mixed-Use
      $445,000
      Hospitality
      $370,000
      Educational
      $460,000
      Residential Income
      $365,000
      Energy
      $430,000
      Income-Based Land
      $420,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6866
    Latitude
    39.801
    CBSA code
    44100
    CBSA name
    SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,837
    $65,505
    $124,937
    $190,442
    -
    $196,515
    $374,811
    $571,326

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    100 Chatham Rd
    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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