For more information regarding the value of a property, please contact us for a free consultation.
331 N MAIN ST Chatham, IL 62629
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $750,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,827 sqft
Price per Sqft $195
MLS Listing ID CA1026843
Sold Date 01/31/24
Originating Board rmlsa
Annual Tax Amount $15,495
Tax Year 2022
Lot Size 1.160 Acres
Acres 1.16
Lot Dimensions 236x212
Property Description
FURTHER REDUCTION, RARE REDEVELOPMENT OPPORTUNITY to purchase an existing Hardee's Restaurant and collect rental income as you develop a new concept for this 1.16 acre parcel located on IL 4 in Chatham Illinois. The Hardee's lease currently runs through December 2024. The current lease is a true nnn and offers great income. The restaurant building, which is in excellent condition offers 3,827+/- square feet and sits in the middle of a 1.16 acre parcel. There are 4 points of ingress and egress for this site. The redevelopment potentials on this well situated site are endless, strip mall, office, mixed use commercial. Daily traffic count in front of this location on IL 4 is 14,900 cars per day. Chatham has a population of more than 13,000 people and is located 3 miles south of Springfield, the Capital of Illinois with a metro population of 208,000. Chatham is growing and thriving bedroom community, featuring the most popular schools in greater Springfield area, which has drawn many family's to relocate to the area. Chatham has numerous parks and sits on the southwestern edge of Lake Springfield, a vibrant and busy summer hotspot.
Location
State IL
County Sangamon
Area Chatham, Etc
Zoning unk
Direction N. Main (IL 4) in the heart of Chatham
Interior
Heating Forced Air
Cooling Central Air
Flooring Tile/Vinyl
Fireplace N
Exterior
View true
Roof Type Flat
Garage 1
Building
Faces N. Main (IL 4) in the heart of Chatham
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Glass
Others
Tax ID 28120278031
Read Less