Property profile

303 5Th St Ava, IL 62907

OFF-MARKET
Commercial real estate
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Property summary

AI-generated overview

This exceptional commercial property located at 303 S 5th, Ava, IL, presents a unique investment opportunity. Priced at $99,900, this adaptable building offers a multitude of potential uses. Previously a church, the main floor boasts ample space, including separate men's and women's restrooms, a platform, a baptistry, and a dedicated office. The layout is well-suited for a variety of businesses, offering flexibility and functionality. Downstairs, a kitchenette provides convenient food preparation space, complemented by four sizable classrooms and ample storage areas. The building has undergone significant improvements, featuring newer replacement windows throughout, enhancing both energy efficiency and aesthetics. The interior is further enhanced by attractive light fixtures and ceiling fans, creating a comfortable and inviting atmosphere. The property also includes convenient handicap access, ensuring accessibility for all. With its versatile layout, updated features, and attractive price point, this property represents a compelling investment opportunity with limitless possibilities. The 0-acre lot provides ample space for potential expansion or outdoor activities. This is a rare chance to acquire a well-maintained, adaptable commercial building in a desirable location. Don't miss out on this exceptional opportunity.

Property profile

Verified
Property type Commercial real estate

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

303 5Th St Ava, IL 62907
Ava metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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