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    OFF-MARKET
    Warehouses

    112 4Th St, Chillicothe, IL 61523

    1,856 SF 0.04 ac lot Built 1960
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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