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12009 322Nd St Illinois City, IL 61259

OFF-MARKET Office Spaces Google Maps
Estimated value
No estimation on file for this property yet.
Property ID US28-2471219

Property summary

AI-generated overview

This exceptional commercial property, situated at the desirable intersection of the "New Boston Blacktop" and Highway 92 in Rock Island County, Illinois, presents a remarkable investment opportunity. Priced at $285,000, this property encompasses a substantial 5500+ square foot building situated on a generous land parcel. The building, formerly used as Faith Chapel Church, boasts a flexible floor plan adaptable to a wide range of commercial ventures. Imagine transforming this space into an event center, residential complex, retail storefront, or even an Airbnb. Key features include 12-foot vaulted ceilings, an open floor plan on both the main and lower levels, nine traditional rooms ideal for offices or other uses, a walkout basement, multiple entryways, and conveniently located bathrooms on each level. A kitchen area is also available, perfect for gatherings or events. Recent improvements, per the seller, include a metal roof, concrete drive, and siding (2008), windows (2009), and main level carpet and paint (2021). The property's prime location and versatile design make it an ideal investment for discerning buyers seeking a unique and adaptable commercial space. The address is 12009 322ND Street West, Illinois City, IL 61259.

Property profile

Verified
Property type Office Spaces
UPID US28-2471219

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Church
  • Church

Value estimations

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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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