Building Details

Building Size 6,710 SF

Year Built 1931

Listing Agency: CAPITAL RIVERS COMMERCIAL INC

Listed By: Carrie Welch · License #01926238 Show Phone

Source: Elliman

Added: Mar 11 Changed: Sep 28 Last Checked: Oct 5 at 7:01PM

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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**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,151

Cap Rate

4.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$963,020 $963.0K

Cap Rate 7%

$687,871 $687.9K

Cap Rate 9%

$535,011 $535.0K

Market Conditions

NOI Build-Up for 3,633 SF

Gross rent

$68.0K $18.72/SF

− Vacancy

−$3.8K −$1.05/SF

EGI

$64.2K $17.67/SF

− OpEx

−$16.1K −$4.42/SF

NOI

$48.2K $13.25/SF

Area

Chico, CA

Vacancy

5.60%

Lease Rate

$18.72 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$963,020

Cap Rate 7%

$687,871

Cap Rate 9%

$535,011

Alternative Uses

Best Use

Specialty Retail

$687.9K

$601.9K – $802.5K (±1% cap)

NOI $48,151 @ 7.0% cap · market cap 4.97%

Second Best

Retail

$642.0K

$561.8K – $749.0K (±1% cap)

NOI $44,941 @ 7.0% cap · market cap 4.64%

Theoretical Best

Office A

$733.5K

$641.8K – $855.8K (±1% cap)

NOI $51,347 @ 7.0% cap · market cap 5.30%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Auto Parts Store HVAC Service Pet Grooming Service Furniture & Home Goods Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,061

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 95928, CA

38,378

Population

17,455

Households

2.2

Avg Household Size

35

Median Age

41%

College-Educated

90%

High-School Grad

145.4 sq mi

ZIP Area

264

Density / Sq Mi

$65,350

Median Household Income

$32,615

Median Earnings

$1,419

Median Rent

$476,600

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

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**