112 4Th St, Chillicothe, IL 61523
This 1,856-square-foot commercial building, situated on a 0.04-acre lot at 112 N 4th Street in Chillicothe, Illinois (zip code 61523), presents a compelling redevelopment opportunity. Built in 1960, this single-story structure boasts a C-2 zoning designation, ideal for a variety of commercial uses. Previously operating as a convenience store and gas station, all gas pumps, tanks, and related equipment have been removed, and a "No Further Remediation" letter is available. The property benefits from high visibility at the hard corner of N 4th Street and W Birch Street. Utilities are currently disconnected. The building's 1,856 square feet of net rentable space offers significant potential for renovation and adaptation to suit diverse business needs. This is a chance to capitalize on a prime location in a thriving area. The property is classified as Industrial, Land, and Retail, making it suitable for a range of commercial ventures. Serious inquiries are encouraged to explore this exceptional redevelopment prospect.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.