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Plummer Plaza 75 W Plummer Blvd 28,123 SF 85% Leased Retail Building Chatham, IL 62629 $6,060,181 CAD ($215.49 CAD/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
28,123 SF
Year Built
2011
Price
$6,060,181 CAD
Price Per SF
$215.49 CAD
Cap Rate
7.65%
NOI
$463,723 CAD
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
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 28-01.0-476-010 | Improvements Assessment | $891,211 CAD |
| Land Assessment | $407,603 CAD | Total Assessment | $1,298,814 CAD |
Property Taxes
Parcel Number
28-01.0-476-010
Land Assessment
$407,603 CAD
Improvements Assessment
$891,211 CAD
Total Assessment
$1,298,814 CAD
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Plummer Plaza | 75 W Plummer Blvd
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