Chatham, Illinois Commercial Real Estate 1 Listing

Chatham, Illinois: A Premier Destination for Commercial Real Estate

Introduction

Chatham, Illinois, a growing suburban community within the Springfield Metropolitan Area, offers a compelling opportunity for commercial real estate investors and professionals. With a population of approximately 13,000 and a diverse economic base, Chatham is strategically positioned for CRE growth in sectors such as retail, logistics, and healthcare. Its proximity to major transportation routes and the state capital enhances its appeal for businesses and developers alike.

Economic and Industry Overview

Chatham's economy is primarily driven by the retail, logistics, and healthcare industries. The presence of several large retail centers meets local demand while also attracting consumers from the surrounding areas. Additionally, the logistics industry benefits from the town's strategic location near major highways, supporting distribution and warehousing operations. The healthcare sector is bolstered by nearby medical facilities in Springfield, creating demand for medical office spaces. For detailed economic insights, refer to the Illinois Department of Commerce & Economic Opportunity.

Strategic Location and Transportation Infrastructure

Chatham enjoys excellent transportation connectivity, located near Interstate 55, which provides seamless access to Chicago and St. Louis. The town's proximity to the Abraham Lincoln Capital Airport in Springfield, just 12 miles away, adds to its logistical advantages. These transportation assets enhance Chatham's appeal for distribution and access to regional labor markets. For more information, visit the Illinois Department of Transportation.

Commercial Real Estate Inventory & Zoning

Chatham's commercial real estate market includes a variety of submarkets, such as the central business district and industrial corridors. Key asset classes are retail, office, and industrial properties. Recent zoning changes have facilitated mixed-use developments, encouraging vibrant community spaces. For zoning maps and parcel details, explore the Village of Chatham Zoning Department.

Major Employers and Institutions

Chatham's major employers include the Ball-Chatham School District, local government offices, and retail chains. The proximity to Springfield also means that institutions like the University of Illinois Springfield and major hospitals play an influential role in driving CRE demand. For a detailed list of employers, check the Chatham Area Chamber of Commerce.

Notable Commercial Developments & Projects

The ongoing development of the Chatham Town Center, a mixed-use project combining retail, office, and residential spaces, exemplifies the area's growth potential. Additionally, designated Opportunity Zones near the town offer tax incentives for investors. Detailed project plans are available through the Chatham Planning Department.

Building Permits, Planning, and Development Tools

For building permits and development inquiries, visit the Village of Chatham Building and Safety Department. Access permitting portals, GIS maps, and the planning commission's resources for an efficient development process.

Market Data & Economic Reports

For comprehensive market data, explore public datasets available at Census.gov and Chatham's open data portal. Brevitas utilizes AI-driven aggregation from these public sources, offering insights through our dashboards. Explore Chatham's CRE market on the Brevitas platform.