322 Plz Dr, Chillicothe, IL 61523
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.