345 Main St, Chatham, IL 62629
9,296 SF | Office Building | Chatham, IL 62629 | $1,988,000 ($214/SF) | 7.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,988,000
- Property Type
-
Office
- Square Feet
- 9,296 SF
- Price / Square Foot
- $214
Listing Contacts
Zane McCartney
Verified Profile
Steve Caton
Verified Profile
- Property Info
Property 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.
Property Details
- Class
- B
- Year Built
- 1990
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 34,412 SF
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.
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