Medical Office Space for Pet
204 N MAIN ST Chatham, IL 62629
For Sale
Contact for pricing
For-sale medical office space positioned for pet healthcare use at 204 N Main St in Chatham, Illinois.
Property Size2,000 SF
Price / SF$332.50
Days on Market70
Property Features for 204 N MAIN ST
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1988
Listing Agency:
Marcus & Millichap - Austin
(512) 338-7872
Listed By:
Douglas Diffie · License #TX 656858
Source:
Crexi
Added: May 15
Changed: Jul 23
Last Checked: Jul 23 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
This for-sale medical office space is positioned for pet healthcare use and offers a dedicated setting for professional services in the medical office category.
The property is located at 204 N Main St in Chatham, Illinois, providing a straightforward downtown address for patients and visitors seeking in-office appointments.
Additional deal details such as configuration specifics, condition, and operating layout were not provided in the available information.
The property is located at 204 N Main St in Chatham, Illinois, providing a straightforward downtown address for patients and visitors seeking in-office appointments.
Additional deal details such as configuration specifics, condition, and operating layout were not provided in the available information.
Key Highlights
- Medical office space at 204 N Main St in Chatham, Illinois
- Built in 1988
- Positioned for pet healthcare use
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $18.00 |
| − Vacancy | −$5.4k | −$2.70 |
| EGI | $30.6k | $15.30 |
| − OpEx | −$7.7k | −$3.82 |
| NOI | $23.0k | $11.48 |
2,000 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap · market cap 3.45%
Second Best
Healthcare Medical
$244.3K
$213.8K – $285.0K
NOI $17,100 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$441.7K
$386.5K – $515.3K
NOI $30,920 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grace Veterinary Clinic ...
Veterinary Clinic
Similar Off Market Nearby
- Village Veterinarian: Primm Nicholas DVM — 306 N Main, Chatham, IL 62629
- Grace Veterinary Clinic - A Thrive Pet Healthcare Partner — 204 N Main, Chatham, IL 62629
- Andrea Rediger, DVM — 306 N Main, Chatham, IL 62629
- The Village Veterinarian — 306 N Main, Chatham, IL 62629
FAQs
What type of property is this?
Medical Office Space - For-sale medical office space positioned for pet healthcare use at 204 N Main St in Chatham, Illinois.
Where is this medical office space located?
The property is located at 204 N MAIN ST Chatham, IL.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Medical office space at 204 N Main St in Chatham, Illinois; Built in 1988; Positioned for pet healthcare use
