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345 N Main St

9,296 SF Office Building Chatham, IL 62629 £1,568,532 (£169/SF) 7.25% Net Initial Yield

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.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,296 SF
Building Class
B
Year Built
1990
Price
£1,568,532
Price Per SF
£169
Net Initial Yield
7.25%
NOI
£113,685
Tenancy
Single
Number of Floors
1
Typical Floor Size
9,296 SF
Building FAR
0.27
Land Acres
0.79 AC
Zoning
Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-12.0-278-036
Land Assessment
£60,455
Improvements Assessment
£113,002
Total Assessment
£173,457
  • Listing ID: 28388392

  • Date on Market: 03/05/2023

  • Last Updated:

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

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