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Fully Leased Center For Sale 1000-1004 Jason Pl 5,045 SF 100% Leased Retail Building Chatham, IL 62629 $1,200,000 ($237.86/SF) 7.11% Cap Rate

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,045 SF
Building Class
C
Year Built
2024
Price
$1,200,000
Price Per SF
$237.86
Cap Rate
7.11%
NOI
$85,311
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.84 AC
Zoning
B-1 - Community Business District (Village of Chatham)
Parking
40 Spaces (15.15 Spaces per 1,000 SF Leased)
Frontage
64’ on Jason Place

AMENITIES

  • Controlled Access
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • i3 Broadband
  • Construction
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • Lotus Grounds Games
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • Wing Madness
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
i3 Broadband Construction 99,999 SF - Lorem Ipsum Jan 0000
Lotus Grounds Games Arts, Entertainment, and Recreation 99,999 SF - Lorem Ipsum Jan 0000
Wing Madness Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Snap Fitness 24/7
County Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-01.0-485-023
Land Assessment
$98,273 (2024)
Improvements Assessment
$21,732 (2024)
Total Assessment
$120,005 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
  • Listing ID: 38726793

  • Date on Market: 12/10/2025

  • Last Updated:

  • Address: 1000-1004 Jason Pl, Chatham, IL 62629

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