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    Property profile & analytics

    Troy, IL 62294

    • Commercial real estate
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details

    Year built
    1872
    Lot size
    0.12 lot acres
    Property type
    Commercial real estate

    Description

    This stunning 1870s chapel, located in the heart of Troy, IL, presents a unique commercial investment opportunity. Boasting a rich history and iconic architecture, this landmark property features beautiful masonry, ornate stained-glass windows, and a prominent bell tower. The 0.12-acre lot is beautifully landscaped with a lush lawn. Inside, the sanctuary is bathed in natural light, thanks to vaulted ship-lap ceilings and original hardwood floors. The property has undergone a complete renovation in early 2020, including the addition of ADA-compliant access, two bathrooms, and an enclosed lift servicing all three levels. The lower level offers three private rooms and two small storage areas. Currently operating as a business, this property is priced to sell and offers endless possibilities for a variety of commercial uses. Its unique character and prime location in a thriving community make it an exceptional investment. The building's historical significance and recent renovations combine to create a truly remarkable property ready for its next chapter. Don't miss this chance to own a piece of Troy's history and establish your business in a memorable setting.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Madison-IL
    State
    Illinois
    Longitude
    -89.8914
    Latitude
    38.7257

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      205 Edwardsville Rd

      COMMERCIAL (GENERAL) • 0.29 Acres
      205 Edwardsville Rd, Troy, IL 62294-1301
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    • Value Estimation by Request
      416 SF

      105 Main St

      COMMERCIAL (GENERAL) • 416 SF
      105 Main St, Troy, IL 62294-1407
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    • Value Estimation by Request
      5,000 SF

      107 Mcdonald Dr

      COMMERCIAL (GENERAL) • 5,000 SF
      107 Mcdonald Dr, Troy, IL 62294-1375
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    • Value Estimation by Request
      2,400 SF

      8236 Sportsmans Ln

      COMMERCIAL (GENERAL) • 2,400 SF
      8236 Sportsmans Ln, Troy, IL 62294-3245
      View Details
    • Value Estimation by Request
      1,215 SF

      106th N Main Stb

      COMMERCIAL (GENERAL) • 1,215 SF
      106th N Main Stb, Troy, IL 62294-1129
      View Details
    • Value Estimation by Request
      2,241 SF

      550 Edwardsville Rd

      COMMERCIAL (GENERAL) • 2,241 SF
      550 Edwardsville Rd, Troy, IL 62294-1338
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      48.48 Acres

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    Similar Nearby for Lease

    • $13 SF/Yr
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    • $14 SF/Yr
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      Retail space available in highly visible location.
      635-653 Edwardsville Rd, Troy, IL 62294
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    • $13 SF/Yr
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      Retail Space in Troy Plaza

      Retail spaces available in well-located Troy Plaza Shopping Center.
      525-547 Troy Plz, Troy, IL 62294
      View Details
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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
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