601 Hill Ave Elgin, IL 60120
This exceptional 1,594-square-foot commercial property, located at 601 Hill Ave in Elgin, Illinois, is offered at $250,000. Currently used as a church, it's zoned CF (Community Facility), providing versatility for various uses including finance, insurance, real estate, schools, or educational services. The single-story building sits on a large, fully fenced 8,712-square-foot corner lot. The main floor boasts a spacious open meeting area (27x38 feet) with 10-foot ceilings, ideal for a variety of configurations. Additional features include a small AV room, an office, and a classroom (12x18 feet). The lower level offers an open kitchen, a recreation area, and two bathrooms, enhancing functionality. The property includes central air conditioning and gas/forced air heating. Currently tax-exempt, this property presents a unique investment opportunity in a desirable Elgin location. The price per square foot is $156.84.
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
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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.