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Property profile

723 2Nd St Chillicothe, IL 61523

OFF-MARKET
Commercial real estate
Property ID
US28-2262277
3,099 SF
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Property summary

AI-generated overview

This exceptional 3,099 square foot commercial building at 723 N 2nd Street, Chillicothe, IL, presents a remarkable investment opportunity. Ideally situated just one block south of Chillicothe's burgeoning downtown area, this property boasts a prime location with high visibility and convenient access. Currently configured as a chiropractic office, the building's history also includes a long tenure as a doctor's office, demonstrating its adaptability and suitability for various medical or professional uses. The layout includes a welcoming reception and waiting area, multiple private offices, several exam rooms, a dedicated nurse's station, and a practical kitchen area. Three half-bathrooms are currently in place, with one possessing the potential for conversion to a full bathroom. Many rooms are equipped with sinks or have plumbing roughed in for easy installation. The building benefits from two HVAC systems, with the northern system being a recent installation in November 2024. Ample parking is provided by a dedicated lot accommodating 15 vehicles, supplemented by readily available on-street parking. A recent appraisal conducted in January 2024 further validates the property's value and potential. This versatile building offers a blend of established functionality and significant upgrade potential, making it an attractive proposition for discerning investors and business owners alike. The property is offered at $223,000.

Property profile

Verified
Property type Commercial real estate
Total area 3,099 SF
UPID US28-2262277

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

723 2Nd St Chillicothe, IL 61523
Chillicothe metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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