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    226 4Th St Chillicothe, IL 61523

    Sponsored
    For Lease
    $12 SF/Yr ($9,100 /Mo)

    Prime Chillicothe location, multiple suites available.

    Lot size:
    9,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 226 N 4th St in Chillicothe, Illinois, offers a unique opportunity for businesses seeking versatile space. The single-story, 9,100 square foot building, constructed in 2002, is classified as a Class B property and features a total of nine suites within a strip center configuration. Currently, there is one 750 square foot space available for lease, previously occupied by a clothing apparel store. The property boasts a diverse tenant mix, including established businesses such as Verizon, a nail salon, a Mexican restaurant, a hearing aid group, and an insurance agency, indicating a strong and stable occupancy rate. Situated on IL State Route 29, this high-traffic location sees approximately 19,600 vehicles daily, providing excellent visibility and accessibility for your business. The property is well-maintained and benefits from local ownership, ensuring a commitment to quality and responsiveness. The property type is categorized as retail and office, suitable for a variety of business uses. The building is located in Peoria County, Illinois, zip code 61523. This is an excellent opportunity to establish or expand your business in a thriving Chillicothe community.

    Property Features for 226 4Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,100 SF
    Class
    B
    Total Rate
    9100

    Building Details

    Year Built
    2002
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Unit D
    Size
    750 SF
    Rate per SF
    $12
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chillicothe
    County
    Peoria
    State
    Illinois
    Longitude
    -89.491474644389
    Latitude
    40.910359624458

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Chillicothe location, multiple suites available.
    Where is this office property / space located?
    The property is located at 226 4Th St Chillicothe, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    226 4Th St Chillicothe, IL 61523
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    Chillicothe, IL 61523
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    226 4Th St Chillicothe, IL 61523
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