Property profile

0 Truitt Ave Chillicothe, IL 61523

OFF-MARKET
Land
7.01 ac lot
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Property summary

AI-generated overview

This exceptional 7.01-acre commercial land parcel presents a unique investment opportunity in Chillicothe, Illinois. Ideally situated with convenient access from both Truitt Road and Bradley Avenue, this property boasts a highly desirable C3 zoning classification, subject to zoning restrictions. A preliminary plat is already available, streamlining the development process. The location offers excellent visibility and accessibility, benefiting from significant daily traffic counts: 13,700 vehicles per day on Route 29 and 3,750 vehicles per day on Truitt Road itself. This strategic positioning within the heart of Chillicothe ensures high exposure for any future development. The expansive lot size provides ample space for a variety of commercial ventures, making it an attractive prospect for businesses seeking a prominent location with strong traffic flow. The asking price for this exceptional property is $600,000. Serious inquiries are encouraged to explore the potential of this prime commercial land. The property is located in Peoria County, Illinois, with the address listed as W Truitt Ave, Chillicothe, IL 61523.

Property profile

Verified
Property type Land
Lot 7.01 ac (305,356 SF)

Cap rate & NOI

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

Location

Truitt Ave 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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