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Property profile & analytics

226 4Th St Chillicothe, IL 61523

  • Commercial real estate
Value Estimation
$610,000
Last Sale
Mar 17, 2022
$620,000
Location Intelligence
Property ID
US28-0515390
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 226 4Th St

Property type
Commercial real estate
APN
05-29-276-037
APU
529276037

Description

This exceptional commercial property, located at 226 N 4th St in Chillicothe, Illinois, offers a unique opportunity for businesses seeking versatile space. The single-story, 9,100 square foot building, constructed in 2002, is classified as a Class B property and features a total of nine suites within a strip center configuration. Currently, there is one 750 square foot space available for lease, previously occupied by a clothing apparel store. The property boasts a diverse tenant mix, including established businesses such as Verizon, a nail salon, a Mexican restaurant, a hearing aid group, and an insurance agency, indicating a strong and stable occupancy rate. Situated on IL State Route 29, this high-traffic location sees approximately 19,600 vehicles daily, providing excellent visibility and accessibility for your business. The property is well-maintained and benefits from local ownership, ensuring a commitment to quality and responsiveness. The property type is categorized as retail and office, suitable for a variety of business uses. The building is located in Peoria County, Illinois, zip code 61523. This is an excellent opportunity to establish or expand your business in a thriving Chillicothe community.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $600,000
  • CAP approach

    CAP return
    Estimation
    6%
    $615,000
    6.5%
    $590,000
    7%
    $590,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $565,000
    Geo Method
    $550,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $660,000
    Retail
    $695,000
    Mixed-Use
    $685,000
    Hospitality
    $625,000
    Educational
    $705,000
    Residential Income
    $705,000
    Energy
    $725,000
    Income-Based Land
    $765,000
    Food Service
    $720,000

Location Insight

  • Map
  • Local Demand
City
Chillicothe
County
Peoria
State
Illinois
Longitude
-89.4909
Latitude
40.9103
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,917
$51,300
$154,020
$205,320
-
$153,900
$462,060
$615,960
More about this property
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