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    420 4Th St Chillicothe, IL 61523

    Sponsored
    For Lease
    $11 SF/Yr ($4,766 /Mo)

    Prime Retail/Office Space - High Visibility

    Lot size:
    5,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5,200 square foot multi-tenant commercial property, located at 420 Fourth Street in Chillicothe, Peoria County, offers four available spaces, each a minimum of 800 square feet. Ideal for retail, office, or restaurant use, this building boasts a highly desirable location on a main thoroughfare, experiencing significant daily traffic of 13,700 cars. The property benefits from excellent visibility and accessibility from Fourth Street, further enhanced by prominent rooftop signage for each individual tenant. This ensures maximum exposure for your business. The building is anchored by a Pizza Hut, guaranteeing high foot traffic and a vibrant atmosphere. Each unit is designed with convenience and functionality in mind, featuring a private bathroom and attractive front-facing glass windows, maximizing natural light and showcasing your business to passersby. Competitive lease pricing is available, making this an attractive opportunity for businesses seeking a prime location with high visibility and excellent accessibility. The property is classified as Traditional Office and also includes storefront and bar subtypes. Contact us today to learn more about leasing opportunities.

    Property Features for 420 4Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,200 SF
    Total Rate
    4766.67

    Unit(s) available at that property

    Space
    Suite C
    Size
    800 SF
    Rate per SF
    $11
    Space
    Suite A
    Size
    800 SF
    Rate per SF
    $11
    Space
    Suite B
    Size
    800 SF
    Rate per SF
    $11
    Space
    Suite E
    Size
    800 SF
    Rate per SF
    $11

    HighLights

    • Retail, office, and restaurant space totaling 5,200 square feet available in Peoria County.
    • Four 800‑square‑foot spaces available for lease.
    • High‑visibility location on Fourth Street in Chillicothe with prominent rooftop signage for each tenant.
    • Anchored by Pizza Hut, ensuring high traffic and foot traffic.
    • Excellent street visibility and accessibility.
    • 13,700 cars pass by daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chillicothe
    County
    Peoria
    State
    Illinois
    Longitude
    -89.490623405585
    Latitude
    40.912353960855

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail/Office Space - High Visibility
    Where is this restaurant located?
    The property is located at 420 4Th St Chillicothe, IL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Retail, office, and restaurant space totaling 5,200 square feet available in Peoria County.; Four 800-square-foot spaces available for lease.; High-visibility location on Fourth Street in Chillicothe with prominent rooftop signage for each tenant.
    Request Owner's contact information
    420 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
    420 4Th St Chillicothe, IL 61523
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