Property profile

1020 2nd St Chillicothe, IL 61523

OFF-MARKET
Commercial real estate
Property ID
US28-5803337
Individually Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 720-square-foot storefront is perfectly situated in Chillicothe's revitalized downtown business district at 1020 N 2nd St, Chillicothe, IL 61523. The property, identified by APN 05-21-354-010, is a single-story building offering a completely renovated space ready for immediate occupancy. Features include a striking glass storefront, attractive wood floors, and a convenient on-site bathroom. Central air conditioning and heating ensure year-round comfort for both employees and customers. The property is zoned CB-1, making it suitable for a variety of retail or office uses. Its prime location offers excellent walkability to nearby shops and restaurants, providing high visibility and foot traffic for your business. This is a fantastic opportunity to establish or expand your business in a thriving downtown area. The asking price for this turnkey storefront is $42,500. The net rentable square footage is 720 square feet. Don't miss this chance to own a piece of Chillicothe's vibrant commercial landscape.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 05-21-354-010
UPID US28-5803337

Cap rate & NOI

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

Location

1020 2nd St Chillicothe, IL 61523-1626
Chillicothe metro Census 3602 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2024
Last sale
$40,000
4 recorded transactions
2024
$40,000
2005
$25,000
1969
Price N/A
1969
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1020 2nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message