225 Main St, Chico, CA 95928
For Sale
1 / 20
This exceptional 23,444 square foot mixed-use property, known as The Garden Walk Mall, is situated in the heart of Downtown Chico, CA, just steps from California State University, Chico. Boasting 20 leasable units currently configured as a walkable indoor mall with a mix of retail, personal services, restaurants, and office space, this property presents a unique opportunity. The building features a 16,950 square foot ground floor with a 6,500 square foot second floor, offering flexible space for various tenants. The open clear-span arched wood truss construction in the front and CMU block construction in the rear provide diverse layout options. Zoned DN (Downtown North), the property allows for a wide range of uses, including retail, personal services, educational, cultural, and recreational uses, with office and residential uses permitted above the ground floor. With an 85-foot allowable building height, two main entrances (Main Street and Wall Street), ample street parking, and high visibility due to approximately 15,000 ADT on Main Street and significant pedestrian traffic from the nearby university, this property offers substantial potential for continued success or redevelopment. The 0.39-acre lot includes large signage opportunities on both Main and Wall Streets. The property is priced at $3,500,000.
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Boba TeaLicious Cafe & Coffee Shop
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African Connection & Cultural Art Gallery Hawaiian Goods Store
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PCI Business Services, LLC Data Center IT Consulting Firm
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Father Time (Bike/Boat/Book/etc) Store
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Succeed.Net Telecommunications Service Data Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
CC · Chico, CAChico. Always verify with local authorities before improvements.
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.