322 Plz DrChillicothe, IL 61523

For Sale
$310,000

Prime Retail/Restaurant Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Chillicothe, IL commercial property, located at 322 S PLAZA Drive, presents a lucrative investment opportunity. The 0.7-acre lot features a single-story, 11,835 square foot building housing three units, currently configured as a retail strip. One unit is occupied by Chilli Liquors, another by a separate tenant, and a third unit (formerly Monical's Pizza) is available. The property boasts a desirable location just off IL Route 29, benefiting from high traffic counts and proximity to numerous national brands including Kroger, CVS, McDonald's, and more. The building features a colonnade front with a covered walkway and glass-fronted retail spaces, providing excellent visibility and accessibility. A rear service road offers additional parking. The property is zoned for commercial use and benefits from the City of Chillicothe's Facade Program, offering incentives for exterior improvements to active businesses. The asking price is $310,000. This multi-tenant property offers a blend of established businesses and vacant space, presenting a unique opportunity for immediate income and future growth. The property's strong location and existing infrastructure make it an ideal investment for both seasoned and emerging investors in the thriving Chillicothe market. The APN is 05-29-403-011 and the ownership is L M P INC.

Highlights

  • 0.7-acre lot with 11,835 SF single-story building, three retail units.
  • High-traffic location off IL Route 29, near Kroger, CVS, and McDonald's.
  • One unit occupied by Chilli Liquors, one by another tenant, one vacant (formerly Monical's Pizza).
  • Colonnade front, covered walkway, glass-fronted retail spaces, and rear service road with additional parking.
  • $310,000 asking price; APN 05-29-403-011; Owner: L M P INC.
  • Commercially zoned; eligible for Chillicothe's Facade Program.

Property Details for 322 Plz Dr

Property type
Other retail properties, Restaurants
Square Feet
11,835 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
30,492 SF
Units
3

Location Insight

City
Chillicothe
County
Peoria
State
Illinois
Latitude
40.9043293
Longitude
-89.4948847
322 Plz Dr, Chillicothe, Illinois
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322 Plz Dr
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