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$1,950,000 Just Listed
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Property Description
10,000sqft lot with well positioned 5000sqft commercial building that offers 2 separate sides of approximately 2500 SF each, providing outstanding flexibility for an owner-user, investor, or hybrid use. Occupy both sides, combine into one large operation, or use one side and generate income by leasing the other. Designed for efficiency and accessibility, the building features, (3) 10ft overhead doors for easy loading and access, along with 15ft ceilings and an open-floor plan, allowing for a wide range of commercial, industrial, or creative build-out possibilities tailored to your business needs. Each building has its own private bathroom, and option of a small office or storage room on ground level. A second-floor office space that adds valuable administrative or executive functionality if needed is also available on one side. And as a bonus, the property is complemented by its leveled, gated lot, ideal for secure parking, storage, or maneuvering. A rare opportunity to acquire a versatile, well-located asset with multiple use scenarios and strong long-term value. TAXES & ASSESSMENTS BASED ON ALL 3 LOTS
Full Property Details
Full Property Details for 72-78 Illinois Ave
General
- Price: $1,950,000
- Taxes: $19,500 (2024)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4005379
- Updated: 1/15/2026
- Added to Site: 2 day(s) ago
Business
- Includes: Building & Land
Rooms
Bathrooms
- Total Bathrooms: 2
- Restrooms: 2
Additional Information
- Equipment: See Remarks
Parking
- Parking: Blacktop, Fencing, Parking Lot-Exclusive
Location
- County: Passaic
- Driving Directions: ILLINOIS AVE
- Location Details: See Remarks
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block
- Roof: Flat
- Ceiling Height: 15
- Door Dimensions: 10
- Loading: Drive-In Doors
- Bays: 3
- Stories in Building: 1
- Square Feet: 5,000
- Aprox. Leasable: 10,000 Sq. Ft.
- Office: 500 Sq. Ft.
Lot Features
- Lot Size (Acres): 0.11
- Lot Size: 100X100
- Zoning: MU
Financial Considerations
- Price Per Sq. Ft.: $195
- Assessment Amount: $383,300
- Land Assmt: $153,000
- Tax Amount: $19,500
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: No Documents Available
- APN: 2508-07210-0000-00003-0000-
- Block: 7210
- Lot Number: 345
Listed by Nicholas Real Estate Agency
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Price & Sales History for 72-78 Illinois Ave
Date
Details
Price
Change
Source
1/15/2026
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 72-78 Illinois Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,257
4%
$44,300
—
2023
$2,172
6%
$44,300
—
2022
$2,056
4%
$44,300
—
2021
$1,983
9%
$44,300
5%
2018
$1,826
12%
$42,200
7%
2017
$1,635
-4%
$39,300
—
2016
$1,705
6%
$39,300
—
2015
$1,614
-12%
$39,300
-11%
2019
$1,831
-9%
$44,300
-16%
2013
$2,003
—
$53,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 72-78 Illinois Ave
72-78 Illinois Ave, Paterson, NJ 07503 (MLS# 4005379) is a Commercial property. 72-78 Illinois Ave is currently listed for $1,950,000 and was received on January 15, 2026. Want to learn more about 72-78 Illinois Ave? Do you have questions about finding other Commercial real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

