CRE Admin

Chillicothe, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Chillicothe, Illinois Market population: 22K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

Advertisement
Cap Rate: Low NOI: Any Tax Rate: Any Price: Any Size: Any
Clear All
No exact matches found. Showing similar properties in Illinois.
1 properties found
REI Capital advisor
Investor Pitch Deck

Don’t just search properties. See why investors choose REI Capital.

Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.

REI Capital advisor
⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Chillicothe OH Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Chillicothe OH Properties: 1.3100%

πŸ“Š Average Income For Chillicothe OH Commercial Property: $36,927

Investor Questions For Chillicothe OH

Common questions from investors exploring commercial real estate in Chillicothe OH.

What is the overall investment potential of Chillicothe, OH? +
The combination of a 20.5% poverty rate and 91.2% health insurance coverage in Chillicothe suggests a relatively stable market with access to employment opportunities, which is further supported by a strong presence of industries like Construction, Public Administration, and Health Care & Social Assistance, indicating a potential for steady rental income.
How does the city's demographic diversity impact real estate investment? +
Chillicothe's top ethnicities, including White (46.3%) and Black (3.7%), contribute to a diverse population, and when combined with a median age of 42.6 and an average commute time of 21.5 minutes, suggest a market with a mix of young and established families, potentially leading to a stable demand for housing.
What are the key factors influencing the quality of life for renters in Chillicothe? +
The average commute time of 21.5 minutes, coupled with a high health insurance coverage rate of 91.2%, indicates a good quality of life for renters, and the fact that the top commute methods include driving alone, carpooling, and working from home suggests flexibility and convenience, making the city an attractive option for renters.
How does the local economy affect the real estate market in Chillicothe? +
The median household income of $36,927 and a poverty rate of 20.5% suggest a working-class market, but the presence of strong industries like Construction and Health Care & Social Assistance, along with an employed population of 8,010, indicates a stable economic foundation, which can contribute to a relatively stable real estate market.
What insights can be gained from the city's housing market and socioeconomic data? +
The median property value of $97,800, combined with a median property tax of $5,450 and a homeownership rate of 58.6%, provides insight into the affordability and attractiveness of the housing market, and when considered alongside the GINI coefficient of 0.452, which indicates a moderate level of income inequality, investors can better understand the potential for property appreciation and rental yields in Chillicothe.

Chillicothe OH Real Estate & City Facts

Key facts and real estate information about Chillicothe OH.

What are some of the best neighborhoods to live in Chillicothe? +
Some of the best neighborhoods to live in Chillicothe include Yaples, Wheelersburg, and Minford. Yaples is a highly sought-after neighborhood known for its peaceful streets and well-maintained homes. Wheelersburg is a family-friendly neighborhood with excellent schools and a low crime rate. Minford is a rural setting with a community-oriented atmosphere and recreational offerings.
What are some fun things to do in Chillicothe? +
There are plenty of fun things to do in Chillicothe, including visiting the Adena Mansion and Gardens Historic Site, Hopewell Culture National Historical Park, and Scioto Trail State Park. You can also catch a baseball game by the Chillicothe Paints, watch the Tecumseh Outdoor Drama, or explore the over 30 miles of biking and walking trails.
What is the food scene like in Chillicothe? +
The food scene in Chillicothe is diverse and delicious, with a range of options from classic comfort foods to innovative dishes. Some popular restaurants include Old Canal Smokehouse, The Pour House, and Lievita. You can also find great breakfast and brunch spots like The Coop, and international cuisine like Hometown Hibachi.
What are the pros and cons of living in Chillicothe? +
The pros of living in Chillicothe include its historic charm, outdoor recreational opportunities, and a strong sense of community. However, some cons include a relatively high poverty rate and limited job opportunities in certain industries. Overall, Chillicothe is a great place to live for those who value a small-town atmosphere and a low cost of living.
Is Chillicothe a good place to live? +
Chillicothe can be a good place to live for the right person. It offers a unique blend of historic charm, outdoor recreation, and small-town community, with a relatively low cost of living. However, it may not be the best fit for everyone, particularly those looking for a more urban or fast-paced lifestyle. Ultimately, whether Chillicothe is a good place to live depends on your individual priorities and preferences.
Advertisement