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345 N Main St

9,296 SF Office Building Chatham, IL 62629 $1,988,000 ($214/SF) 7.25% Cap Rate

Medical Offices Illinois Chatham 345 N Main St, Chatham, IL 62629

Investment Highlights

  • Highly profitable dental practice with guarantee, 10 year Lease to Commence at Closing with annual increases of 3%.
  • There is also excellent signage and ample private parking with access from both N Main and Cottonwood Dr.
  • The building is 9,296 SF, situated on a 0.79-acre lot with 150 ft of frontage on North Main.

Executive Summary

Caton Commercial Real Estate Group has been retained to exclusively offer for sale the property is at 345 N. Main St in Chatham, IL. The building is 9,296 SF on a 0.79 Acre lot with 150 feet of frontage on North Main, which has a traffic count 14,900 (VPD). Excellent signage and ample private parking with access from both N Main and Cottonwood Dr, located just 6 miles South of the State Capital, Springfield, Illinois. Excellent passive investment opportunity with a long-term and highly profitable Dental practice in place.

Attachments

Chatham - 345 N Main St, Investment, ZM SC

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,296 SF
Building Class
B
Year Built
1990
Price
$1,988,000
Price Per SF
$214
Cap Rate
7.25%
NOI
$144,088
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,296 SF
Building FAR
0.27
Land Acres
0.79 AC
Zoning
Commercial
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345 N Main St, Chatham, IL - aerial map view

PROPERTY TAXES

Parcel Number 28-12.0-278-036 Improvements Assessment $143,222
Land Assessment $76,622 Total Assessment $219,844

PROPERTY TAXES

Parcel Number
28-12.0-278-036
Land Assessment
$76,622
Improvements Assessment
$143,222
Total Assessment
$219,844
(331) 305-4840

  • Listing ID: 28388392

  • Date on Market: 5/3/2023

  • Last Updated:

  • Address: 345 N Main St, Chatham, IL 62629

More public record information on 345 N Main St, Chatham, IL 62629

The Office Property at 345 N Main St, Chatham, IL 62629 is currently available For Sale. Contact Caton Commercial Real Estate Group for more information.

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345 N Main St, Chatham, IL for sale Building Photo- Image 1 of 10
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345 N Main St
(331) 305-4840 x

345 N Main St

1/2

Zane McCartney

(331) 305-4840

(331) 305-4840

Steve Caton

(815) 436-5700

(815) 436-5700

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