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4609 Illinois Ave Fresno, CA 93702

OFF-MARKET Commercial real estate Google Maps
8,895 SF 0.48 ac lot Built 1953
Estimated value
No estimation on file for this property yet.
Property ID US09-2917490

Property summary

AI-generated overview

This exceptional 8,895 square foot property located at 4609 E Illinois Avenue, Fresno, CA presents a unique investment opportunity. Situated on a 0.48-acre lot, this building boasts a rich history of serving the Fresno community. While currently in need of repairs, the property holds significant potential for future development and revitalization. Its substantial size and prime location offer a compelling canvas for a variety of uses. The building's historical significance adds to its unique character and appeal. The asking price of $693,810 reflects the necessary renovations, presenting a significant value proposition for a buyer willing to undertake the necessary improvements. A thorough interior inspection is strongly recommended prior to submitting an offer. This is a chance to acquire a piece of Fresno's history and shape its future. The property's substantial size and central location within Fresno offer considerable upside for the right investor. Serious inquiries are encouraged to explore the possibilities this remarkable property offers. All offers are subject to a satisfactory interior inspection.

Property profile

Verified
Property type Commercial real estate
Year built 1953
Total area 8,895 SF
Lot 0.48 ac (20,909 SF)
UPID US09-2917490

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
  • High School
  • Church

Value estimations

Realmo proprietary · 4 methods
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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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