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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    312 S Plaza Park, Chillicothe, IL 61523

    Entity Owned 17-yr Hold ~ Est. High Equity
    Property ID
    US28-1197674
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 05-29-403-005
    UPID US28-1197674
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Chillicothe Plaza LLC · 17 yrs held
    Chillicothe Plaza LLC
    since 2009
    5 recorded transactions
    2020
    2009
    1999
    $250,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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