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75 W Plummer Blvd
Chatham, IL 62629
Plummer Plaza · Retail Property For Sale
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
28,123 SF
Year Built
2011
Price
$4,265,000
Price Per SF
$151.66
Cap Rate
7.65%
NOI
$326,356
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
3.15 AC
Zoning
B2 - Business, General
Parking
136 Spaces (4.84 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 28-01.0-476-010 | Improvements Assessment | $628,751 |
| Land Assessment | $287,565 | Total Assessment | $916,316 |
Property Taxes
Parcel Number
28-01.0-476-010
Land Assessment
$287,565
Improvements Assessment
$628,751
Total Assessment
$916,316
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