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    OFF-MARKET
    Commercial real estate

    165 3Rd Ave, Clifton, IL 60927

    0.91 ac lot
    Property ID
    Property summary
    AI-generated overview

    This unique Clifton, Illinois property offers a compelling investment opportunity encompassing two parcels totaling nearly an acre. The main structure, a former church building, has undergone initial renovations, including the installation of newer windows, a furnace, and central air conditioning. While the interior has been gutted, it presents a blank canvas for a variety of commercial ventures, allowing for complete customization to suit the buyer's vision. The building's substantial size and unique character offer significant potential for adaptive reuse. Adjacent to the church sits an older parsonage, also included in the sale. This secondary building provides additional space and possibilities, whether for expansion of the main commercial use, separate leasing, or conversion into residential units, subject to local zoning regulations. The combined properties offer significant square footage on a sizable lot, providing ample room for parking, outdoor amenities, or further development. The property is being offered for sale as a single unit, but the seller is open to considering separate sales of the church and parsonage. This presents a flexible opportunity for investors seeking either a large-scale project or two smaller, independent ventures. The property's location in Clifton offers access to local amenities and transportation routes. This is a rare chance to acquire a substantial property with significant redevelopment potential.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.91 ac (39,640 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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