2558 Illinois Ave Dallas, TX 75233
This exceptional Dallas property, located at 2558 Illinois Avenue, offers a unique investment opportunity. Priced at $449,000, this 0.756-acre lot boasts a substantial former church building, perfect for adaptive reuse. The property also includes two additional detached structures: a sizable accessory building of approximately 1600 square feet and a separate storage building of approximately 1300 square feet. These versatile buildings present a multitude of potential uses. The property is zoned for single-family residential use, providing flexibility for future development. Convenient access is available from both Illinois Avenue and Bakersfield Street. Street parking is also available at 2554 Bakersfield St, Dallas, TX 75233. The expansive size of the lot and the existing structures create an exciting opportunity for creative entrepreneurs and investors seeking a large-scale project in a desirable Dallas location. The property's potential is vast, making it an ideal canvas for a variety of innovative ventures. This is a rare chance to acquire a substantial property in Dallas County, Texas, with significant potential for redevelopment or repurposing. The zip code is 75233.
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.