602 Walnut StChatham, IL 62629

For Sale
$299,000

Four-unit retail building, high visibility, updated.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a prime commercial property located at 602 E WALNUT Street in Chatham, Illinois, 62629. Priced at $299,000, this solid strip-style building offers four separate rental units, currently all occupied, making it an ideal income-generating asset. The property boasts a recently installed new roof, ensuring long-term structural integrity and minimizing maintenance costs. Furthermore, the individual units have undergone recent updates, enhancing their appeal to tenants and maximizing rental potential. The building enjoys a highly visible street-front location, ensuring excellent exposure to potential customers and maximizing foot traffic. This translates to strong tenant occupancy rates and a consistent stream of rental income. The property is classified as both land and retail, offering flexibility for future development or continued operation as a multi-tenant retail space. This is a rare opportunity to acquire a well-maintained, high-visibility commercial property in a thriving Illinois community. The property's strong tenant occupancy and recent upgrades make it a compelling investment for those seeking a stable and profitable addition to their portfolio. Detailed financial information is available upon request. The property is situated in Sangamon County.

Highlights

  • Prime Chatham, IL commercial property at 602 E WALNUT Street, priced at $299,000.
  • Four occupied rental units provide immediate income.
  • New roof and recent unit updates minimize maintenance and maximize rental potential.
  • High-visibility street-front location ensures strong tenant occupancy.
  • Land and retail classification offers flexible future development options.

Location Insight

City
Chatham
County
Sangamon
State
Illinois
Latitude
39.6761965
Longitude
-89.6985898
602 Walnut St, Chatham, Illinois

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602 Walnut St
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