345 Main St Chatham, IL 62629-1702
Property profile & analytics
345 Main St Chatham, IL 62629-1702
- Commercial real estate
- 0.79 lot acres
Property ID
US28-5308712
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chatham Dental Center Inc / Physician
- UPS Drop Box / Courier Service / Postal Service
- Hestor Roofing & Masonry / Roofing Company / General Contractor
- Dr. Timothy Lonergan / Dental Office
- Dr. Sana Khan / Dental Office
Property Details for 345 Main St
- Lot size
- 0.79 lot acres
- Property type
- Commercial real estate
- APN
- 28-12.0-278-036
- APU
- 28120278036
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,920,000
- ML approach
- $1,950,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chatham
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.7052
- Latitude
- 39.6795
- CBSA code
- 44100
- CBSA name
- SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,508
$76,622
$143,222
$219,844
-
$229,866
$429,666
$659,532
