110 Independence, Chico, CA 95973
Commercial property
Sold July 2026
Listing Agent: Calen Chapman (DRE #02002193) · Listing Office: Harris Commercial Real Estate · Contact: 530-514-3034 · Bought with: Brian Littrell · Commercial Brokers of California · MLS #SN26075929 · Source: CRMLS
How this sale compares
110 Independence sold for $929,000 in July 2026, 6.6% under its $995,000 list price, after 40 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
Fully remodeled and 100% leased. Great location in the established Philadelphia Square professional complex. Two strong and established businesses - GCI Insurance Brokers and Butte Home Health with new 3 and 5 year leases in place. Recent improvements include all new flooring, interior and exterior paint and updated lighting throughout. Ideally situated with direct Highway 99 access and ample on-site parking. Below market rents provide significant upside potential. Current gross income of $84,240/year with annual increases, providing a strong cap rate for a new investor.
Listing description from the July 2026 sale, as reported to CRMLS.
Sale history