1206 Truitt Ave, Chillicothe, IL 61523-1365
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.