Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    119 Illinois Ave Council, ID 83612

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $135,000

    Two-suite building, prime downtown location.

    Property size:
    1,250 SF

    Property Features for 119 Illinois Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,250 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1916

    We can help!

    Listing Contact
    David Stattner
    David Stattner

    Listing Agency: Coldwell Banker Tomlinson Listing Agent: David Stattner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment property, located at 119 Illinois Avenue in the heart of Council, Idaho, presents a unique opportunity for savvy investors. The 1,250 square foot building sits on a 0.17-acre lot and boasts two distinct suites. Currently, one suite is occupied, generating immediate income potential. The second suite offers versatile space, ideal for a variety of uses, including office or retail. Its prime location on a hard corner in downtown Council ensures high visibility and accessibility, making it an attractive proposition for potential tenants. The property's strong location within the bustling downtown area provides excellent exposure to foot traffic and vehicular traffic. This makes it an ideal location for businesses seeking a high-traffic location. The existing tenant provides a stable income stream, mitigating risk and offering immediate return on investment. The vacant suite presents an opportunity to increase rental income or utilize the space for an owner-occupied business. This property is a rare find, combining immediate income with significant upside potential in a desirable downtown location. The asking price of $135,000 represents a compelling value for this well-situated, income-producing asset. Don't miss this chance to acquire a piece of Council's thriving downtown core.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Building Supply Law Firm Spa & Massage Center Dental Office Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Council
    County
    Adams
    State
    Idaho
    Longitude
    -116.4374
    Latitude
    44.72903

    Nearby Similar for Sale

    • $750,000
      4,235 SF

      Highway 95 Frontage Retail Showroom

      Free-standing building with retail showroom, warehouse space, and RV storage.
      2029 S 95, Council, ID 83612
      View Details
    • $299,500
      1,753 SF

      Council Restaurant & Property

      Turnkey Restaurant, Established Business, High Reviews
      102 Moser Ave, Council, ID 83612
      View Details
    • $750,000
      4,235 SF

      Council, ID Warehouse - $750K

      Highway 95 Retail/Warehouse Opportunity
      2029 Highway 95, Council, ID 83612
      View Details
    • $245,000

      Council, ID Commercial Lot - Prime Location

      High-visibility lot, ideal for commercial development.
      Tbd Illinois Ave, Council, ID 83612
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Two-suite building, prime downtown location.
    Where is this commercial real estate located?
    The property is located at 119 Illinois Ave Council, ID.
    What is the asking price?
    The asking price for this property is $135,000.
    (208) 336-3393
    Request Owner's contact information
    119 Illinois Ave Council, ID 83612
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    119 Illinois Ave
    Council, ID 83612
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    119 Illinois Ave Council, ID 83612
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Stattner
    David Stattner
    (208) 336-3393
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!