312 S Plaza Park, Chillicothe, IL 61523
For Lease
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This exceptional 10,600 square-foot retail building, situated at 312 S Plaza Park in Chillicothe, Peoria County, presents a unique investment opportunity. The single-tenant property boasts a versatile layout, easily divisible to suit various business needs. Its dimensions measure 100 feet by 106 feet, offering ample space for a wide range of retail operations. The building's prime location directly on Route 29 ensures high visibility and significant foot traffic, with a documented 15,750 cars passing daily on IL Route 29 and 4,550 on Cloverdale Road. The property features dual front entrance doors with an open window format for optimal visibility, and rear double loading doors for convenient access. A substantial 4,774 square-foot basement area, complete with a freight elevator, provides additional storage or operational space. The building benefits from its proximity to established businesses such as Kroger, CVS, Dollar Tree, McDonald's, Hardee's, and Subway, creating a vibrant and thriving commercial environment. The advertised lease rate is for an "as-is" condition, but tenant improvements and other incentives are available. This property is ideal for businesses seeking a high-traffic location with excellent visibility and ample space. Contact for details.
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.