Mixed-Use Storefront
For Sale
$250,000
20 E Main St, Chillicothe, OH 45601
Downtown property offers storefront exposure, commercial use flexibility, and potential for apartments on the upper level.
Property Size1,482 SF
Price / SF$168.69
Days on Market58
Property Features for 20 E Main St
General Information
Standard status
Active
Size
1,482 SF
Property Condition
Severity
Repairs Needed
Evidence
needs cleaned and updated
Taxes and HOA fees
Annual Taxes
$1,813
Listing Agency:
ERA Martin & Associates (C)
(740) 774-4500
Listed By:
Diane Carnes
(740) 703-0138
Source:
Exprealty
Added: Aug 11
Changed: Oct 6
Last Checked: Oct 5 at 10:49PM
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 (C)
Investment Insights
Based on property information with market context.
Located at 20 E Main St in Chillicothe, Ohio, this mixed-use property presents a storefront-oriented commercial layout suited to retail or office use. The building requires cleaning and updates, providing a clear path for a new business to customize the space.
The upper level may accommodate 3-4 apartments, adding a potential residential component to the commercial offering. Its downtown setting and visible storefront provide a central presence for a future occupant or owner-user.
The upper level may accommodate 3-4 apartments, adding a potential residential component to the commercial offering. Its downtown setting and visible storefront provide a central presence for a future occupant or owner-user.
Key Highlights
- Downtown location at 20 E Main St, Chillicothe, OH
- Storefront exposure for retail or office operations
- Upper level could accommodate 3‑4 apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,995
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,900
$219.9K
Cap Rate 7%
$157,071
$157.1K
Cap Rate 9%
$122,167
$122.2K
Market Conditions
NOI Build-Up for 1,482 SF
Gross rent
$16.4K $11.04/SF
− Vacancy
−$654 −$0.44/SF
EGI
$15.7K $10.60/SF
− OpEx
−$4.7K −$3.18/SF
NOI
$11.0K $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%
$219,900
Cap Rate 7%
$157,071
Cap Rate 9%
$122,167
Alternative Uses
Best Use
Retail
$157.1K
$137.4K – $183.3K
NOI $10,995 @ 7.0% cap · market cap 4.40%
Second Best
Mixed Use
$139.7K
$122.3K – $163.0K
NOI $9,781 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$279.7K
$244.7K – $326.3K
NOI $19,577 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,277
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property offers storefront exposure, commercial use flexibility, and potential for apartments on the upper level.
Where is this mixed-use property located?
The property is located at 20 E Main St Chillicothe, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Downtown location at 20 E Main St, Chillicothe, OH; Storefront exposure for retail or office operations; Upper level could accommodate 3‑4 apartments
