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    183 Illinois Ave Paterson, NJ 07503

    For Sale
    Contact for pricing

    Accountant

    Property size:
    2,669 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    use of the basement. One off street parking space in front of the garage. Tenant is responsible to remodel

    Property Features for 183 Illinois Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,669 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Rengaswamy Asokan MD Internist Heart and Vascular Associates ... Doctor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.14625
    Latitude
    40.89759

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    FAQs

    What type of property is this?
    Commercial real estate - Accountant
    Where is this commercial real estate located?
    The property is located at 183 Illinois Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $2,100.
    (973) 838-9300
    Request Owner's contact information
    183 Illinois Ave Paterson, NJ 07503
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    Paterson, NJ 07503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    183 Illinois Ave Paterson, NJ 07503
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