Technical
Financial
Distress signals
Property profile

218 Main St Chico, CA 95926

FOR SALE
Retail space
Property ID
US09-0474821
6,710 SF 0.17 ac lot Built 1931
Trust Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,710 square foot retail property, located at 218 & 222 Main Street in Chico, California, presents a unique investment opportunity. Built in 1931 and renovated in 2018, this historic building boasts stunning original brick walls and 13-foot ceilings, creating a captivating atmosphere. The property features a charming patio space, perfect for outdoor dining or retail displays, and benefits from its prime location on a bustling, high-traffic block in downtown Chico. Zoned DN, this versatile space is ideal for a variety of uses, including restaurants, tasting rooms, retail shops, or mixed-use concepts incorporating office space. Currently offered as a cold shell, the property provides limitless design possibilities for a buyer to customize to their specific vision. The building's layout allows for flexible configurations, with the potential to be divided into approximately 3,077 square feet and 3,633 square feet. Its proximity to California State University, Chico, and other downtown amenities ensures high visibility and foot traffic. The asking price is $968,600. This is a rare chance to acquire a piece of Chico's history and capitalize on the vibrant downtown market. The property is currently in cold shell condition, meaning there is no existing HVAC, electrical, or plumbing infrastructure, offering significant flexibility for the new owner.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1931
Construction TILT-UP CONCRETE
Total area 6,710 SF
Lot 0.17 ac (7,405 SF)
Zoning code CC
APN 004-081-010-000
UPID US09-0474821

Cap rate & NOI

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

Location

218 Main St Chico, CA 95926
Chico metro Census 1000 CHICO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
$859k
Blend (final) Blend
$565k

Owner & transaction history

since 2020
Last sale
$915,000
5 recorded transactions
2020
Price N/A
2020
$915,000
2000
$445,000
1983
Price N/A
1969
Price N/A

Zoning & alternative use

CC · Chico, CA
Zoning description

CC Community Commercial Commercial Mixed Use (CMU) (6 to 22 units per gross acre) DN DS Downtown North Downtown South Commercial Mixed Use (CMU) (6 to 22 units per gross acre CS Commercial Services Commercial Services (C…

General category MIXED_USE
Top alternative use upside
Office building $1.2M +32.5%
Industrial (general) $1.0M +14.2%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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