Mixed-Use Property with
1222 Western Avenue, Chillicothe, OH 45601
For Sale
$975,000
The property combines commercial storefront and warehouse areas with a rented house and an on-site digital billboard.
Property Size7,112 SF
Price / SF$137.09
Days on Market144
Property Features for 1222 Western Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Traffic Count
Road Access
Mixed-Use Components
Additional Details
Warehouse Space
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
ERA Martin & Associates
(740) 636-0393
Listed By:
Elizabeth Ann Gerber-Gawelek
(740) 851-7248
Source:
Douglaskeycresolutions
Added: Jun 17
Changed: Nov 7
Last Checked: Nov 7 at 6:02PM
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 ERA Martin & Associates
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Investment Insights
Based on property information with market context.
This mixed-use property brings together storefront and warehouse space, a rented residential house, and an on-site digital billboard. The house’s front yard has been adapted for additional parking serving the commercial building. The property was built in 1974 and is offered as-is.
The seven parcels cover just under an acre outside city limits, along Western Avenue, where approximately 18,000 vehicles travel daily. The billboard has advertising agreements structured on both monthly and annual terms.
The seven parcels cover just under an acre outside city limits, along Western Avenue, where approximately 18,000 vehicles travel daily. The billboard has advertising agreements structured on both monthly and annual terms.
Key Highlights
- Commercial property includes storefront and warehouse space, a rented house, and an on‑site digital billboard
- Seven parcels totaling just under an acre, outside city limits
- Western Avenue frontage with approximately 18,000 vehicles traveling daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,763
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,055,260
$1.1M
Cap Rate 7%
$753,757
$753.8K
Cap Rate 9%
$586,256
$586.3K
Market Conditions
NOI Build-Up for 7,112 SF
Gross rent
$78.5K $11.04/SF
− Vacancy
−$3.1K −$0.44/SF
EGI
$75.4K $10.60/SF
− OpEx
−$22.6K −$3.18/SF
NOI
$52.8K $7.42/SF
Area
Ross County, OH
Vacancy
4.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,055,260
Cap Rate 7%
$753,757
Cap Rate 9%
$586,256
Alternative Uses
Best Use
Retail
$753.8K
$659.5K – $879.4K
NOI $52,763 @ 7.0% cap · market cap 5.41%
Second Best
Mixed Use
$670.6K
$586.7K – $782.3K
NOI $46,939 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,947 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
18,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
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Business Placement
Demographics for 45601, OH
56,849
Population
23,358
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
348.7 sq mi
ZIP Area
163
Density / Sq Mi
$57,430
Median Household Income
$39,973
Median Earnings
$858
Median Rent
$160,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines commercial storefront and warehouse areas with a rented house and an on-site digital billboard.
Where is this mixed-use property located?
The property is located at 1222 Western Avenue Chillicothe, OH.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Commercial property includes storefront and warehouse space, a rented house, and an on‑site digital billboard; Seven parcels totaling just under an acre, outside city limits; Western Avenue frontage with approximately 18,000 vehicles traveling daily
