119 Illinois Ave Council, ID 83612-7709
This exceptional investment property, located at 119 Illinois Avenue in the heart of Council, Idaho, presents a unique opportunity for savvy investors. The 1,250 square foot building sits on a 0.17-acre lot and boasts two distinct suites. Currently, one suite is occupied, generating immediate income potential. The second suite offers versatile space, ideal for a variety of uses, including office or retail. Its prime location on a hard corner in downtown Council ensures high visibility and accessibility, making it an attractive proposition for potential tenants. The property's strong location within the bustling downtown area provides excellent exposure to foot traffic and vehicular traffic. This makes it an ideal location for businesses seeking a high-traffic location. The existing tenant provides a stable income stream, mitigating risk and offering immediate return on investment. The vacant suite presents an opportunity to increase rental income or utilize the space for an owner-occupied business. This property is a rare find, combining immediate income with significant upside potential in a desirable downtown location. The asking price of $135,000 represents a compelling value for this well-situated, income-producing asset. Don't miss this chance to acquire a piece of Council's thriving downtown core.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.