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    OFF-MARKET
    Commercial real estate

    1206 Truitt Ave, Chillicothe, IL 61523-1365

    0.49 ac lot
    Entity Owned ~ Est. High Equity
    Property ID
    US28-2127625
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1206 W TRUITT Avenue in Chillicothe, Illinois, presents a unique investment opportunity. The 21,344 square foot lot is zoned C-3, offering considerable flexibility for a variety of commercial ventures. The existing 2,249 square foot building, formerly a Casey's General Store, is being sold as-is. Please note that the property includes non-compete deed restrictions for 15 years prohibiting the sale of gasoline, tobacco products, groceries, alcohol, and prepared foods (including subs, pizza, and donuts), as well as video gaming. Utilities are currently off, and the seller has no knowledge of their condition. This presents a blank canvas for a creative entrepreneur to establish a thriving business, subject to the aforementioned restrictions. The property's strategic location in Chillicothe, Peoria County, IL (zip code 61523) offers excellent visibility and accessibility. The asking price is $120,000. This is a remarkable chance to acquire a substantial commercial property in a desirable location, ripe for redevelopment and tailored to a business plan that respects the existing deed restrictions. Serious inquiries only.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.49 ac (21,344 SF)
    APN 05-20-301-003
    UPID US28-2127625
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    S Q3d LLC
    S Q3d LLC
    since 2025
    Last sale
    $100,000
    3 recorded transactions
    2025
    $100,000
    2023
    $77,500
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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