Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Retail properties & Spaces

    322 Plz Dr, Chillicothe, IL 61523

    11,835 SF 0.7 ac lot
    Property ID
    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
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 322 Plz Dr?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message