Chillicothe, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Chillicothe, Ohio, serves as an attractive hub for commercial real estate (CRE) investments due to its strategic location, robust economic base, and vibrant industry clusters. As the first and third capital of Ohio, Chillicothe combines historical significance with modern growth opportunities. With a population of approximately 22,000, the city boasts a diversified economy featuring manufacturing, healthcare, and retail sectors, making it a compelling destination for CRE professionals.

Economic and Industry Overview

Chillicothe's economy is driven by diverse industries, including manufacturing, healthcare, and retail. The presence of major employers like Adena Health System and Glatfelter underscores the demand for office and industrial spaces. The city is part of the larger Columbus Region, which actively promotes economic development through initiatives like Columbus 2020. This regional effort fuels demand for various commercial property types, including industrial and office spaces.

Strategic Location and Transportation Infrastructure

Chillicothe is strategically positioned with access to major transportation networks:

• Highways: U.S. Route 23 and U.S. Route 35 facilitate efficient north-south and east-west travel, respectively.
• Rail Lines: The city is serviced by the CSX Transportation rail network, enhancing its logistics capabilities.
• Airports: The nearby Ross County Airport provides convenient access for corporate travel and cargo operations.

These logistical advantages position Chillicothe as a regional distribution hub, offering easy access to labor pools and proximity to larger markets like Columbus and Cincinnati. For more information, visit the Ohio Department of Transportation.

Commercial Real Estate Inventory & Zoning

Chillicothe's CRE landscape includes several key submarkets:

• Central Business District (CBD): Offers a mix of office and retail spaces with historic charm.
• Industrial Corridors: Located along U.S. Route 23, these areas cater to manufacturing and distribution needs.
• Innovation Districts: Emerging spaces focus on technology and healthcare sectors.

The city offers incentives for developers, including Opportunity Zones and Tax Increment Financing (TIF) districts. To explore zoning maps and parcel data, visit the City of Chillicothe Planning Department.

Major Employers and Institutions

Key employers and institutions driving CRE demand in Chillicothe include:

• Adena Health System: A major healthcare provider with multiple facilities in the area.
• Kenworth Truck Company: A leading manufacturer contributing to the industrial property demand.
• Ohio University-Chillicothe: Provides educational resources and attracts students, enhancing the multifamily and retail sectors.

For a comprehensive list of employers, visit the Chillicothe Economic Development Office.

Notable Commercial Developments & Projects

Chillicothe is witnessing significant development projects, such as:

• Southern Gateway Corridor Project: A mixed-use development enhancing retail and residential options.
• Innovation Park: A public-private partnership focused on technology and healthcare sectors.

These projects are positioned within Opportunity Zones, offering tax incentives to investors. For more details, check the Chillicothe Planning Department.

Building Permits, Planning, and Development Tools

Developers and investors can access essential resources via:

• City’s Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Chillicothe's economic landscape is supported by publicly available data sets:

• U.S. Census Bureau
• City’s Open Data Portal
• Economic Impact Reports

Brevitas leverages AI-powered aggregation from these public data sources and internal insights to offer comprehensive market analytics. Explore Brevitas-powered dashboards for Chillicothe, Ohio CRE.

Why Use Brevitas for Chillicothe, Ohio CRE?

Brevitas stands out as the premier platform for Chillicothe CRE by offering:

• AI-Driven CRE Discovery: Facilitates intelligent property searches and market alerts.
• Smart Property Pages: Provides auto-generated listing pages for enhanced exposure.
• Dealroom Collaboration: Fosters seamless interaction between brokers and investors.

With features like email and landing page tools, integration with brokers and developers, and access to exclusive listings, Brevitas ensures premium exposure for your Chillicothe, Ohio, CRE investments.

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