315 Chatham RdSpringfield, IL 62704

For Sale
$419,000

Investment opportunity: High-traffic location, great tenants.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional commercial property, located at 315 Chatham Road in Springfield, Illinois, presents a compelling investment opportunity. Situated on a prominent corner lot at the intersection of Chatham Road and West Monroe, this 1.88-acre parcel boasts a well-maintained building currently housing established tenants. The property's zoning allows for a variety of commercial uses, including office and retail spaces, offering flexibility for future development or continued operation under existing leases. The substantial parking lot provides ample space for customers and employees. The asking price is $419,000, reflecting the property's strong potential for return on investment. This location on the west side of Springfield benefits from high visibility and convenient access to major roadways, ensuring significant foot and vehicle traffic. The property's current condition and existing tenancy make it an attractive option for investors seeking a stable, income-generating asset with significant upside potential. The property is zoned for commercial use and is ready for immediate occupancy. Detailed financial information and tenant lease agreements are available upon request. This is a rare opportunity to acquire a well-established commercial property in a desirable Springfield location.

Highlights

  • 1.88-acre corner lot at 315 Chatham Road, Springfield, IL, at the intersection of Chatham Road and West Monroe.
  • Well-maintained building with established tenants.
  • Zoned for a variety of commercial uses, including office and retail.
  • Ample parking.
  • Asking price: $419,000.
  • High visibility and convenient access to major roadways.

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7979123
Longitude
-89.687722
315 Chatham Rd, Springfield, Illinois

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315 Chatham Rd
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