Renovated Commercial Property on
2111 Western Avenue Chillicothe, OH 45601
2111 Western Avenue, Chillicothe, OH, 45601
Contact for pricing
For Sale
Contact for pricing
Renovated commercial property on busy Western Ave in Chillicothe.
Property Size1,848 SF
Lot Size0.50 Acres
Price / SF$162.34
Days on Market850
Property Features for 2111 Western Avenue
General Information
- Standard status
- Active
- Size
- 1,848 SF
- Lot size
- 0.50 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1995
Listing Agency
Dwell Real Estate, LLC
(740) 851-6332
Listed by
Conchetta Gieringer · License #2015004536
Source
Crexi
Added: Mar 20, 2024 Checked: Jul 16 at 6:23 am
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 Dwell Real Estate, LLC
Investment Insights
Based on property information with market context.
This is a commercial property located on Western Avenue in Chillicothe. Constructed in 1995 and renovated in 2021, the property offers 1,848 square feet of space on a half-acre lot. The location on Western Avenue provides high visibility and exposure to heavy traffic. The property has been updated with new flooring, electric, plumbing, and HVAC systems. The versatile layout is suitable for various business ventures, making it an opportunity for entrepreneurs, investors, or expanding businesses seeking a modern space in a sought-after location.
Key Highlights
- Fully renovated in 2021 with new flooring, electric, plumbing, and HVAC systems.
- Prime location on busy Western Ave with high visibility and heavy traffic.
- 1,848 sq ft of commercial space on a half‑acre lot.
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 | $20.4k | $11.04 |
| − Vacancy | −$816 | −$0.44 |
| EGI | $19.6k | $10.60 |
| − OpEx | −$5.9k | −$3.18 |
| NOI | $13.7k | $7.42 |
1,848 SF · lease $11.04/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$195.9K
$171.4K – $228.5K
NOI $13,710 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.7K
$305.1K – $406.9K
NOI $24,411 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Salon Oasis & Day ...
Hair Salon
Sam the Barber
Barber Shop
Similar For Sale Nearby
Similar Off Market Nearby
- The Bloomin' Basket — 668 Central Center, Chillicothe, OH 45601
- Bloomin' Basket — 668 Central Center, Chillicothe, OH 45601
FAQs
What type of property is this?
Storefront property - Renovated commercial property on busy Western Ave in Chillicothe.
Where is this storefront property located?
The property is located at 2111 Western Avenue Chillicothe, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Fully renovated in 2021 with new flooring, electric, plumbing, and HVAC systems.; Prime location on busy Western Ave with high visibility and heavy traffic.; **1,848 sq ft of commercial space on a half‑acre lot.**
