1000-1004 Jason Pl - Storefront Retail/Office FOR SALE


Chatham, IL 62629
$1,200,000 USD
217-547-6650
1000-1004 Jason Pl, Chatham, IL for Sale
$1,200,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | 7.11% Cap Rate

1000-1004 Jason Pl
Chatham, IL 62629


HIGHLIGHTS

  • Fully Leased, Brand-New Center
  • Shadow-Anchored by County Market
  • Quality Tenant Mix
  • High Visibility and Traffic
  • Thriving Trade Area, Demographics
  • Surrounding Commercial Growth

OVERVIEW

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present a fully leased, brand-new retail center shadow-anchored by County Market in the high-income community of Chatham, IL. This newly constructed property offers investors stable tenancy in one of the most desirable suburbs of the Springfield metro area. The tenant lineup includes Wing Madness, a freshly made Asian cuisine restaurant with video gaming; Lotus Grounds Games, a trading card and hobby retailer; and i3 Broadband, a rapidly growing fiber-optic telecommunications provider offering highspeed internet, voice, and TV services. The center benefits from excellent visibility and frontage along IL-4 / Main Street, which carries 18,100 vehicles per day. The surrounding area continues to experience significant commercial growth, with recent developments that include a new 17,000 SF Goodwill (2024), O’Reilly Auto Parts (2025), and Scooter’s Coffee (2025). Additional activity includes Dollar Tree opening and anchoring a nearby retail center, USPS relocating to that same center (both 2025), and NAPA Auto Parts occupying the former Family Video building (2025). Chatham is a thriving village located just 3 miles south of Springfield, the capital of Illinois. The trade area features strong retail density with a County Market-anchored shopping center, two major medical facilities, longstanding community banks, and numerous restaurant and service businesses. The community is highly educated, with 97.4% of residents holding a high school diploma and nearly half (49.4%) holding a bachelor’s degree or higher. Chatham also offers a business-friendly environment with a lower combined sales tax rate (7.25%) compared to Springfield (9.75%). Residential fundamentals are strong as well—population and household counts within a 1-mile radius are projected to grow 2.7% over five years, and median home values in 2025 were approximately $290,000.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

7.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased Center For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

B-1

APN/PARCEL ID

28-01.0-485-023

ASK ABOUT THIS PROPERTY

Blake Pryor, CCIMColdwell Banker Commercial Devonshire RealtyMore Info
217-547-6650

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Blake Pryor, CCIMColdwell Banker Commercial Devonshire RealtyMore Info
217-547-6650

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.