85 KING Street
Chatham, Ontario
7,000 sqft • Retail
An exciting investment and redevelopment opportunity in the heart of downtown Chatham! This solid, three-storey commercial building features two main-floor retail units with potential to reconfigure for a third storefront—ideal for maximizing rental income and street presence. The two upper floors offer generous square footage and are currently vacant, presenting a blank canvas for residential conversion for 6-8 units. With demand for downtown living on the rise, this property is perfectly positioned for apartment development or mixed-use expansion. Gross rent is $4380.00 for two commercial units. Seller may consider VTB options for a qualified buyer.
Price History
Schools
Secondary
- Ursuline College Chatham Catholic Secondary School0.9 km
Catholic · St Clair CDSB · 1335 students
Grade 10 literacy: 88% met the provincial standard
- Chatham-Kent Secondary School1.9 km
Public · Lambton Kent DSB · 1150 students
Grade 10 literacy: 77% met the provincial standard
- John McGregor Secondary School2.6 km
Public · Lambton Kent DSB · 560 students
Grade 10 literacy: 65% met the provincial standard
Elementary
- Victor Lauriston Public School1.4 km
Public · Lambton Kent DSB · 320 students
Grade 3 reading: 57% met the provincial standard · Grade 6 math: 0% met the provincial standard
- Queen Elizabeth II C Public School1.4 km
Public · Lambton Kent DSB · 315 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 15% met the provincial standard
- Winston Churchill Public School1.6 km
Public · Lambton Kent DSB · 250 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 29% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N7M
- Population
- 25,579
- Private dwellings
- 11,361
- Median age
- 44
- Average household size
- 2.3
- Median household income
- $71,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Retail in Chatham · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of retail properties in Chatham over the last 12 months.
Walk Score
Walk
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Scores by Walk Score®
Location
Mortgage Calculator
$135,000
Estimated Monthly Payment
$3,316
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,316/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $169/mo
Estimates only. Consult a financial advisor.
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