345 Main St, Chatham, IL 62629-1702

This exceptional investment opportunity presents a 9,296 square foot medical office building situated on a 0.79-acre lot in Chatham, Illinois. The property, built in 1990, boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $144,088. Currently occupied by a highly profitable dental practice under a 10-year lease with 3% annual rent increases commencing at closing, this is a secure, passive income investment. The building enjoys excellent visibility and accessibility, with 150 feet of frontage on North Main Street, a major thoroughfare with a daily traffic count of 14,900 vehicles. Ample private parking is available, accessible from both North Main and Cottonwood Drive. The location offers strong demographics, including affluent income levels and high traffic counts, placing it within a robust trade area near major highways and national tenants. This turnkey, fully built-out dental office presents a rare opportunity for a physician-guaranteed net lease investment in a prime commercial location just six miles south of Springfield, Illinois. The property's strong investment criteria, including moderate population density and high visibility, make it an attractive and secure investment. Please note: Do not disturb the current tenant.