Property profile

1206 Truitt Ave Chillicothe, IL 61523

OFF-MARKET
Commercial real estate
Property ID
US28-2127625
0.49 ac lot
Entity Owned ~ Est. High Equity
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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

Location

1206 Truitt Ave Chillicothe, IL 61523-1365
Chillicothe metro Census 3602 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2025
Last sale
$100,000
3 recorded transactions
2025
$100,000
2023
$77,500
2004
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
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