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    Downtown Chillicothe Mixed-Use Investment Title is generated by Realmo AI

    11 W 2ND ST, Chillicothe, OH 45601

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    For Sale
    $214,900

    Real Estate Only - Chillicothe, OH

    Property size:
    2,200 SF
    Price / SF:
    $97/SF
    Added:
    Sep 3, 2025
    Days on Market:
    289
    Last Refresh:
    Jun 18 at 12:06 am

    Property Features for 11 W 2ND ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    305304066000
    Size
    2,200 SF

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Megan Braden

    Listing agent Megan Braden

    Listing office Dwell Real Estate LLC 27 N. Paint Street, Chillicothe, OH

    Listing date Sep 3, 2025

    MLS# 198504 Listing URL

    Copyright © 2026 Scioto Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown Chillicothe location on the historic Union Block.
    • High‑visibility retail space on the main level.
    • Potential to create an apartment or office space upstairs for additional income.
    • Mixed‑use potential.
    • Charming historic details.
    • Central air conditioning.

    Overview

    Located in downtown Chillicothe, this property on the historic Union Block offers a versatile building with high-visibility retail space on the main level, suitable for attracting foot traffic. The upper level presents the potential to create an apartment or office space for additional income. The property offers mixed-use potential in a downtown location. The property size is 2200 square feet.

    Local Financial Insights For Retail

    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 $24.3k $11.04
    − Vacancy −$972 −$0.44
    EGI $23.3k $10.60
    − OpEx −$7.0k −$3.18
    NOI $16.3k $7.42
    2,200 SF · lease $11.04/SF/yr · vacancy 4.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $233.2K
    $204.0K – $272.0K (±1% cap)
    NOI $16,322 @ 7.0% cap · market cap 7.60%
    Second Best
    Mixed Use
    $207.4K
    $181.5K – $242.0K (±1% cap)
    NOI $14,520 @ 7.0% cap · market cap 6.76%
    Theoretical Best
    Office A
    $415.2K
    $363.3K – $484.4K (±1% cap)
    NOI $29,061 @ 7.0% cap · market cap 13.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chillicothe Paints Baseball ... Gym & Fitness Center Castle & Company Salon Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chillicothe
    County
    Ross
    State
    Ohio
    Longitude
    -82.9829109
    Latitude
    39.3344941

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile building in historic Union Block with retail and residential potential.
    Where is this mixed-use property located?
    The property is located at 11 W 2ND ST Chillicothe, OH.
    What is the asking price?
    The asking price for this property is $214,900.
    What are key features of this property?
    This property features: Prime downtown Chillicothe location on the historic Union Block.; High‑visibility retail space on the main level.; Potential to create an apartment or office space upstairs for additional income.
    (740) 590-1735
    We can help!
    Listing Contact
    Megan Braden
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