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Plummer Plaza 75 W Plummer Blvd 28,250 SF 100% Leased Retail Building Chatham, IL 62629 $4,265,000 ($150.97/SF) 7.65% Cap Rate
Investment Highlights
- Strong Neighborhood Retail Center | Dollar Tree, USPS & Regional Healthcare Provider (lease being executed) Anchors
- Adjacent to Residential Growth | Schools & Community Amenities Nearby | Strong Local Demand Drivers
- Dominant Retail Corridor | Daily Needs Shopping Destination | Established Consumer Draw
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in Plummer Plaza, a 28,123-square-foot neighborhood retail center located in Chatham, Illinois. The property is currently 85% occupied and there is a lease out for signature making the property 100% leased. There is a mix of national, government, regional and local tenants including Dollar Tree (BBB), USPS, a large Regional Healthcare provider (lease out for signature) and Scoop Du Jour, providing investors with immediate cash flow.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
28,250 SF
Building Class
B
Year Built
2011
Price
$4,265,000
Price Per SF
$150.97
Cap Rate
7.65%
NOI
$326,356
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
3.15 AC
Zoning
B2 - General Business District (Village of Chatham)
Parking
129 Spaces (4.57 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,400-4,224 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,400-4,224 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 1,400-4,224 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $628,751 | |
| Land Assessment | $406,083 | Total Assessment | $1,034,834 |
Property Taxes
Parcel Numbers
Land Assessment
$406,083
Improvements Assessment
$628,751
Total Assessment
$1,034,834
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Contact the Sale Advisor
Plummer Plaza | 75 W Plummer Blvd