Historic Downtown Chico Mixed-Use
218 Main St Chico, CA 95928
218 Main St, Chico, CA, 95928
$968,600
For Sale
$968,600
Downtown Chico building with original features and high traffic location.
Property Size3,633 SF
Lot Size0.17 Acres
Price / SF$266.61
Days on Market133
Property Features for 218 Main St
General Information
- Standard status
- Active
- Size
- 3,633 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing agency
Capital Rivers Commercial Inc
(530) 343-3733
Listed by
Carrie Welch · License #01926238
(530) 343-3733
Source
Elliman
Added: Mar 11 Updated: Jul 6 at 12:05PM Checked: Jul 21 at 9:04AM
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 Capital Rivers Commercial Inc
Investment Insights
Based on property information with market context.
Located in downtown Chico, this property features original brick walls, 13-foot ceilings, storefronts, and a patio space. Situated on a high-traffic block, the historic building offers numerous potential uses, including restaurant, tasting room, retail, or mixed-use including office space. The building is currently in cold shell condition, lacking HVAC, electrical, and plumbing, which allows for a variety of design options. The space at 222 Main Street can be demised to 3,077 square feet, while 218 Main Street can be demised to 3,633 square feet.
Key Highlights
- High‑traffic downtown location on Main Street
- Versatile space suitable for restaurant, tasting room, retail, office, or mixed‑use
- Historic building with original brick walls and 13' ceilings
Local Financial Insights For Specialty 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 | $68.0k | $18.72 |
| − Vacancy | −$3.8k | −$1.05 |
| EGI | $64.2k | $17.67 |
| − OpEx | −$16.1k | −$4.42 |
| NOI | $48.2k | $13.25 |
3,633 SF · lease $18.72/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$687.9K
$601.9K – $802.5K
NOI $48,151 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$642.0K
$561.8K – $749.0K
NOI $44,941 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$733.5K
$641.8K – $855.8K
NOI $51,347 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Chico Gifts Flowers & Balloons — 304 W 5th St, Chico, CA 95928
- Camellia Florist & Flower Delivery Chico CA — 352 Camellia Way, Chico, CA 95928
- Bloose Flower Delivery Chico CA — 752 Buttonwillow Ln, Chico, CA 95926
FAQs
What type of property is this?
Storefront property - Downtown Chico building with original features and high traffic location.
Where is this storefront property located?
The property is located at 218 Main St Chico, CA.
What is the asking price?
The asking price for this property is $968,600.
What are key features of this property?
This property features: High‑traffic downtown location on Main Street; Versatile space suitable for restaurant, tasting room, retail, office, or mixed‑use; **Historic building with original brick walls and 13' ceilings**
