Property profile

215-221 N Main St Chatham, IL 62629

FOR SALE
Retail space
Property ID
US28-Q018823
3,451 SF
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Property summary

AI-generated overview

Excellent location right in the heart of Chatham, on the southwest corner of Main St. (IL4) and Walnut. Investment opportunity for end user with cost of ownership offset by tenant spaces, or strictly investment. Ideal space for Insurance, Accounting, Chiropractor offices. Total available square feet of 3,238, though this space is currently partitioned into 2 spaces, 1,764 sq ft, 1,364. Close proximity to McDonalds, AJ's, Hucks, Shell, Sangamo Brewing. Great exposure with traffic count of 14,000 cars per day. Current tenants hair salon and spa, sports memorabilia.

Property profile

Verified
Property type Retail space
Total area 3,451 SF
UPID US28-Q018823

Cap rate & NOI

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

Location

215-221 N Main St Chatham, IL 62629
Chatham metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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