Property profile

322 Plz Dr Chillicothe, IL 61523

OFF-MARKET
Retail properties & Spaces
11,835 SF 0.7 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 11,835 SF
Lot 0.7 ac (30,492 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

322 Plz Dr Chillicothe, IL 61523
Chillicothe metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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