Property profile

112 4Th St Chillicothe, IL 61523

OFF-MARKET
Warehouses
1,856 SF 0.04 ac lot Built 1960
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Year built 1960
Total area 1,856 SF
Lot 0.04 ac (1,742 SF)

Cap rate & NOI

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

Location

112 4Th St 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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