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    4609 Illinois Ave Fresno, CA 93702

    For Sale
    $693,810

    Prime location, needs repairs, priced to sell.

    Property size:
    8,895 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 8,895 square foot property located at 4609 E Illinois Avenue, Fresno, CA presents a unique investment opportunity. Situated on a 0.48-acre lot, this building boasts a rich history of serving the Fresno community. While currently in need of repairs, the property holds significant potential for future development and revitalization. Its substantial size and prime location offer a compelling canvas for a variety of uses. The building's historical significance adds to its unique character and appeal. The asking price of $693,810 reflects the necessary renovations, presenting a significant value proposition for a buyer willing to undertake the necessary improvements. A thorough interior inspection is strongly recommended prior to submitting an offer. This is a chance to acquire a piece of Fresno's history and shape its future. The property's substantial size and central location within Fresno offer considerable upside for the right investor. Serious inquiries are encouraged to explore the possibilities this remarkable property offers. All offers are subject to a satisfactory interior inspection.

    Property Features for 4609 Illinois Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,895 SF
    Lot Size
    20,909 SF

    Building Details

    Year Built
    1953
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fresno EOC Head ... Elementary School Sierra Vista United ... United Methodist Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.7449
    Latitude
    36.74522

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, needs repairs, priced to sell.
    Where is this commercial real estate located?
    The property is located at 4609 Illinois Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $693,810.
    (559) 438-9410
    Request Owner's contact information
    4609 Illinois Ave Fresno, CA 93702
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    Fresno, CA 93702
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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
    4609 Illinois Ave Fresno, CA 93702
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