1 Colonial Pl Ilion, NY 13357
This 840-square-foot vacant shopping center, located at 1 Colonial Pl, Ilion, NY 13357, presents a unique investment opportunity. Priced at $110,000 ($130.95/sq ft), this single-unit property offers high visibility on a busy street in the historic village. Originally constructed in 1985 as a credit union and later converted to an ice cream shop, the building features a full basement and central air conditioning. While most of the ice cream equipment has been sold, the space is adaptable for various uses, including offices, a hair salon, or a small restaurant. The property is a single-story building with a net rentable area of 840 square feet. The seller is open to discussing long-term lease options. This is an excellent chance to establish a business in a high-traffic location. The property is currently vacant, offering immediate occupancy. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.