Brand-New County Market Shadow Center For Lease

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is excited to introduce a lease-up opportunity for this brand-new County Market shadow center in the high-income community of Chatham, IL.

The center is currently under construction and will feature a freshly made Asian cuisine restaurant and two retail units for lease – one 960 SqFt end-cap unit and one 1,680 SF in-line unit.  The Landlord would provide the units as a vanilla shell (concrete floor, unpainted drywall, finished ceiling and restroom, basic lighting, HVAC/ductwork, and electrical).

The center has both frontage on and visibility from IL-4/Main St with traffic counts of 17,400 AADT.  Imagine being part of a vibrant community, surrounded by household names like Walgreens, AT&T, Domino’s, and more – each drawing customers and adding to the buzz.

Area Description

Chatham is a village in Sangamon County that is within 3 miles of Springfield (Capitol of Illinois).  It is approximately 202 miles southwest of Chicago and 92 miles northeast of St Louis.  The immediate trade area has a high retail density that drives a lot of traffic.  A County Market-anchored shopping center, two large medical facilities, three well-known and longstanding community banks, and multiple retail, restaurant, and service establishments are all near the center.  Chatham is a highly educated community with a 97.1% high school graduation rate, and 41.3% of its residents go on to receive a Bachelor’s degree.  Also, Chatham is a very business-friendly environment.  The Village of Chatham reported a 2.2% 2023 unemployment rate, whereas Springfield reported a 4% unemployment rate.  Further, the minimum combined sales tax rate is 7.25% in Chatham, whereas Springfield is 9.75%.  The Chatham population and number of households are projected to grow 2.7% within a 1-mile radius of the center over a 5-year period.  Overall, the median home value was $277,383 within a 1-mile radius of the center in 2023.