345 N Main St - Medical FOR SALE


Chatham, IL 62629
$1,988,000 USD
331-305-4840
345 N Main St, Chatham, IL for Sale
$1,988,000 USD
Medical - FOR SALE
1/9
null | 7.25% Cap Rate

345 N Main St
Chatham, IL 62629


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,988,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

Commercial

APN/PARCEL ID

28-12.0-278-036

ASK ABOUT THIS PROPERTY

Zane McCartneyCaton Commercial Real Estate GroupMore Info
331-305-4840

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Zane McCartneyCaton Commercial Real Estate GroupMore Info
331-305-4840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.