226 N 4Th St, Chillicothe, IL 61523
For Lease
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This exceptional commercial property, located at 226 N 4th St in Chillicothe, Illinois, offers a unique opportunity for businesses seeking versatile space. The single-story, 9,100 square foot building, constructed in 2002, is classified as a Class B property and features a total of nine suites within a strip center configuration. Currently, there is one 750 square foot space available for lease, previously occupied by a clothing apparel store. The property boasts a diverse tenant mix, including established businesses such as Verizon, a nail salon, a Mexican restaurant, a hearing aid group, and an insurance agency, indicating a strong and stable occupancy rate. Situated on IL State Route 29, this high-traffic location sees approximately 19,600 vehicles daily, providing excellent visibility and accessibility for your business. The property is well-maintained and benefits from local ownership, ensuring a commitment to quality and responsiveness. The property type is categorized as retail and office, suitable for a variety of business uses. The building is located in Peoria County, Illinois, zip code 61523. This is an excellent opportunity to establish or expand your business in a thriving Chillicothe community.
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.