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    Joy, IL Viola, IL Keithsburg, IL New Boston, IL Sherrard, IL Taylor Ridge, IL Milan, IL Andalusia, IL
    Aledo Restaurant Location with Apartments
    Updated: May 12
    Aledo Restaurant Location with Apartments

    213 S College Ave, Aledo, IL 61231

    $250,000
    3,600 sqft
    Prime location in the heart of historic downtown Aledo, across from Central Park, a hub for festivals and events.
    High‑traffic area attracting locals, travelers, and visitors.
    Proximity to the new movie theater, creating a pre‑movie dining opportunity.
    Three upstairs apartments offer potential for additional revenue.
    Two combined buildings provide approximately 3,600 SqFt on the main level.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Aledo, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Six-Unit Apartment Building
    Renovated Six-Unit Apartment Building

    1604-1614 W 9th St, Davenport, IA 52804

    $399,000
    5,440 sqft

    Updated rental property with one-year leases, modern finishes, and renewed mechanical systems throughout.

    View details
    Three-Story Mixed-Use Property
    Three-Story Mixed-Use Property

    1601-1605 5th Avenue, Moline, IL 61265

    $999,000
    3,900 sqft

    Downtown Moline property combines commercial space with leased apartments and major building-system updates.

    View details
    Spacious Condo Near Kiwanis Park
    Spacious Condo Near Kiwanis Park

    930 17TH Street #24, Moline, IL 61265

    $117,000
    1,200 sqft

    Second-floor condo with balcony, garage, and included amenities.

    View details
    9-Unit Apartment Building
    9-Unit Apartment Building

    212 East 6th Street, Davenport, IA 52803

    $295,000

    Multifamily property with tenant-paid electric and water service.

    View details

    Aledo, IL Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Aledo, IL on our real estate platform. These investment opportunities span a total of 3,600 square feet of properties for sale, with an estimated market value of $250,000.

    Sale prices for two-family homes in Aledo, IL average $250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 4,958
    Population Growth (5Y) -4.9%
    Median Household Income $66,389
    College Educated 28.7%

    High-Yield Neighborhoods for Investment

    Identify Aledo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61231 $250K

    Taxes & Financing

    Tax Rate (average for all types) 8.81%
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

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