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Benefits
Asking Price
$349,999
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Welcome to 615 Gillard Street, a rare 2.27-acre industrial parcel offering endless potential in a growing community. Surrounded by major commercial anchors and positioned minutes from Highway 40, Highway 401 access routes, Chatham-Kent Health Alliance (7–8 minutes), and the Chatham-Kent Municipal Airport (15–20 minutes), this property sits in a strategic pocket ideal for development, storage, logistics, or long-term land banking. The M1 General Industrial zoning provides a wide range of permitted uses including self-storage facilities, warehouses, automotive sales or service, contractor yards, truck terminals, factory outlets, commercial schools, office space, car washes, industrial malls, outside storage, and more. The generous 2.27-acre footprint allows for flexible building layouts, yard-based operations, and scalable multi-tenant industrial development. Phase 1 ESA was completed and cleared in 2023 prior to being purchased, making this site development-ready and attractive for financing and future construction. Located within a region experiencing new residential growth, commercial expansion, and strong demand for trades and service-based businesses, this property offers exceptional long-term value. Nearby retail like Walmart, Canadian Tire, and Tim Hortons provides visibility and traffic flow, while the area’s access to beaches, parks, conservation areas, and outdoor recreation adds to its overall appeal. This is the perfect opportunity to build, invest, or expand in one of Southwestern Ontario’s most promising industrial corridors. The future of 615 Gillard Street is wide open, bring your vision and make it happen. (id:39198)
Location
Province
Ontario
City
Chatham
Address
Gillard
Postal Code
N8A5B5
Location Highlights
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Listed by
KELLER WILLIAMS INNOVATION REALTY Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
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Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$349,999
Asking Price
$349,999
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
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Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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