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    Former Church with Conversion Potential Title is generated by Realmo AI

    14286 Old Highway 50, Clay City, IL 62824

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    Claim this Listing
    New
    For Sale
    $35,000

    Vacant Land - Clay City, IL

    Property size:
    1,200 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $29/SF
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 6:06 pm

    Property Features for 14286 Old Highway 50

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    1123300004
    Size
    1,200 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Amy Bailey
    Amy Bailey

    Listing agent Amy Bailey

    Listing office AMY LEE REALTY LLC 201 E. 2nd, Flora, IL

    Listing date May 29, 2026

    MLS# 11793057 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unique former church property with endless possibilities for conversion.
    • Solid 1,200 sq ft structure with newer metal roof and updated basement windows.
    • Full basement with interior and exterior access, offering excellent storage, workshop, or conversion potential.
    • Situated on approximately 0.50 acres in a peaceful rural setting.
    • Charming architectural details including tall open sanctuary space and arched alcove.
    • Convenient half bathroom on the main level.

    Overview

    This unique former church property, situated on approximately 0.50 acres atop a hill between Clay City and Flora, offers opportunity, character, and potential. The 1,200 square foot church building features a solid structure, recent improvements, and possibilities for its next chapter. Updates include a newer metal roof and updated basement windows. Upon entering, there is an entry foyer with a half bathroom. Through the double doors is the main sanctuary room featuring tall open space, a raised front platform, and an arched alcove area. The full basement provides additional usable space and includes a small kitchenette area. The basement needs some work and offers excellent storage, workshop, gathering, or conversion potential. It also features both an interior walk-up staircase to the main level and a separate exterior walk-up access. Outside, the property includes a block-built "his and hers" outhouse structure. The hilltop location allows for natural drainage around the basement area, and the overall setting offers peaceful rural surroundings. This property can be restored as a church, transformed into a residence, utilized for storage, or used as a studio or gathering space. Utilities are currently not on. The property is being sold AS IS, WHERE IS. Cash or conventional financing only likely due to property condition and utility status.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Map

    City
    Clay City
    County
    Clay
    State
    Illinois
    Longitude
    -88.401276
    Latitude
    38.676331

    FAQs

    What type of property is this?
    Church & religious facility - Unique property with endless possibilities for visionary buyer.
    Where is this church & religious facility located?
    The property is located at 14286 Old Highway 50 Clay City, IL.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Unique former church property with endless possibilities for conversion.; Solid 1,200 sq ft structure with newer metal roof and updated basement windows.; Full basement with interior and exterior access, offering excellent storage, workshop, or conversion potential.
    (618) 662-3170
    We can help!
    Listing Contact
    Amy Bailey
    Amy Bailey
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    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
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