325 N Main St | Chatham, IL 62629
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325 N Main St
Chatham, IL 62629
Free-standing Strip Center | Chatham, IL · Retail Property For Sale
Investment Highlights
- 100% occupancy with short term leases; with future infill potential as national tenants enter the market
- NNN lease structures provide full recapture of property taxes, maintenance, and utilities
- Rent significantly below market which will be subject to fair market value rent adjustment in 5 years
- Property has considerable retail frontage along Rt 4 boasting multiple access points to the parking lot
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,096 SF
Building Class
B
Year Built
2007
Tenancy
Multiple
Number of Floors
1
Building FAR
0.22
Lot Size
0.42 AC
Zoning
B-2
Parking
31 Spaces (7.06 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalised Intersection
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Air Conditioning
About 325 N Main St , Chatham, IL 62629
CIRE Partners is pleased to present a multi-tenant net leased investment offering consisting of the fee-simple interest in a freestanding strip center (the "Property" or "Asset") is located in Chatham, IL. The Property is a ±4,096 SF Strip center broken into three separate suites. Each respective lease features annual increases throughout the initial term and additional renewal options.
PROPERTY TAXES
| Parcel Number | 28-12.0-278-028 | Improvements Assessment | £117,565 |
| Land Assessment | £59,201 | Total Assessment | £176,766 |
PROPERTY TAXES
Parcel Number
28-12.0-278-028
Land Assessment
£59,201
Improvements Assessment
£117,565
Total Assessment
£176,766
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