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Plummer Plaza 75 W Plummer Blvd 28,250 SF 85% 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 Anchors | Value-Add Lease-Up Opportunity
- 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 by a mix of national, government, and local tenants including Dollar Tree (BBB), USPS, and Scoop Du Jour, providing investors with immediate cash flow and a weighted average remaining lease term of approximately 7.0 years.
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
85%
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 Number | 28-01.0-476-009 | Improvements Assessment | $0 |
| Land Assessment | $118,518 | Total Assessment | $118,518 |
Property Taxes
Parcel Number
28-01.0-476-009
Land Assessment
$118,518
Improvements Assessment
$0
Total Assessment
$118,518
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Plummer Plaza | 75 W Plummer Blvd
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