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    312 Plaza Park Chillicothe, IL 61523

    Sponsored
    For Lease
    $9 SF/Yr

    10,600 SF Retail Building, High Traffic Area

    Lot size:
    10,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,600 square-foot retail building, situated at 312 S Plaza Park in Chillicothe, Peoria County, presents a unique investment opportunity. The single-tenant property boasts a versatile layout, easily divisible to suit various business needs. Its dimensions measure 100 feet by 106 feet, offering ample space for a wide range of retail operations. The building's prime location directly on Route 29 ensures high visibility and significant foot traffic, with a documented 15,750 cars passing daily on IL Route 29 and 4,550 on Cloverdale Road. The property features dual front entrance doors with an open window format for optimal visibility, and rear double loading doors for convenient access. A substantial 4,774 square-foot basement area, complete with a freight elevator, provides additional storage or operational space. The building benefits from its proximity to established businesses such as Kroger, CVS, Dollar Tree, McDonald's, Hardee's, and Subway, creating a vibrant and thriving commercial environment. The advertised lease rate is for an "as-is" condition, but tenant improvements and other incentives are available. This property is ideal for businesses seeking a high-traffic location with excellent visibility and ample space. Contact for details.

    Property Features for 312 Plaza Park

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,600 SF

    Unit(s) available at that property

    Space
    Size
    10,600 SF
    Rate per SF
    $9

    HighLights

    • 10,600 SF retail building for lease, divisible.
    • High‑traffic location on Route 29 in Chillicothe, IL, with strong daily traffic counts.
    • Features a 4,774 SF basement with freight elevator, dual front entrances, and rear loading doors.
    • Excellent visibility and strong neighboring tenants including Kroger, CVS, and other national retailers.
    • Lease rate is AS‑IS; tenant improvements and incentives are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -89.4946435
    Latitude
    40.9045519

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    FAQs

    What type of property is this?
    Individual retail property - 10,600 SF Retail Building, High Traffic Area
    Where is this individual retail property located?
    The property is located at 312 Plaza Park Chillicothe, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 10,600 SF retail building for lease, divisible.; High-traffic location on Route 29 in Chillicothe, IL, with strong daily traffic counts.; Features a 4,774 SF basement with freight elevator, dual front entrances, and rear loading doors.
    Request Owner's contact information
    312 Plaza Park 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
    312 Plaza Park Chillicothe, IL 61523
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