Office Buildings with Private
For Sale
$159,000
166 W Main St, Chillicothe, OH 45601
Two income-producing buildings occupy a downtown commercial setting with on-site parking.
Property Size1,516 SF
Price / SF$104.88
Days on Market525
Property Features for 166 W Main St
General Information
Standard status
Active
Size
1,516 SF
Taxes and HOA fees
Annual Taxes
$1,452
Listing Agency:
eXp Realty, LLC (C)
(740) 672-2444
Listed By:
Meredith Tomlinson · License #2006006398
(740) 701-9915
Source:
Exprealty
Added: May 9, 2025
Changed: Oct 6
Last Checked: Oct 13 at 1:00AM
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 eXp Realty, LLC (C)
Investment Insights
Based on property information with market context.
This office property includes two buildings that currently generate income, complemented by an additional 1,700-square-foot structure. The improvements provide multiple building components within one commercial holding and support consideration by an owner-occupant or incoming tenant.
The property is located at 166 W Main St in Chillicothe, Ohio, on a high-traffic street within the downtown business district. A private parking lot is included, adding on-site parking to the property’s commercial configuration. The source information also identifies retail and office space as potential uses for the property.
The property is located at 166 W Main St in Chillicothe, Ohio, on a high-traffic street within the downtown business district. A private parking lot is included, adding on-site parking to the property’s commercial configuration. The source information also identifies retail and office space as potential uses for the property.
Key Highlights
- Two income‑generating buildings included
- Additional 1,700‑square‑foot structure
- Private parking lot on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,517
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,340
$290.3K
Cap Rate 7%
$207,386
$207.4K
Cap Rate 9%
$161,300
$161.3K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$24.2K $15.96/SF
− Vacancy
−$4.8K −$3.19/SF
EGI
$19.4K $12.77/SF
− OpEx
−$4.8K −$3.19/SF
NOI
$14.5K $9.58/SF
Area
Ross County, OH
Vacancy
20.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,340
Cap Rate 7%
$207,386
Cap Rate 9%
$161,300
Alternative Uses
Best Use
Office B
$207.4K
$181.5K – $242.0K
NOI $14,517 @ 7.0% cap · market cap 9.13%
Second Best
Retail
$160.7K
$140.6K – $187.5K
NOI $11,247 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$286.1K
$250.3K – $333.8K
NOI $20,026 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Two income-producing buildings occupy a downtown commercial setting with on-site parking.
Where is this office building located?
The property is located at 166 W Main St Chillicothe, OH.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Two income‑generating buildings included; Additional 1,700‑square‑foot structure; Private parking lot on the property
