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    202 4Th Street Ct Milan, IL 61264

    For Sale
    $495,000

    Spacious Church Building, Modern Amenities

    Property size:
    11,040 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 11,040 square foot commercial property, located at 202 4th Street West in Milan, Illinois, presents a unique investment opportunity. Recently remodeled, this former church building boasts a wealth of modern amenities and high-quality finishes throughout. The expansive layout includes a sizable kitchen and food preparation area, perfect for catering or food service operations. A dedicated cafГ© or gathering area provides ample space for social events or community gatherings. Accessibility is ensured with ADA-compliant facilities, and convenient elevator service is available throughout the building. The large sanctuary, complete with a stage and sound booth, offers versatile space suitable for a variety of uses, from performance venues to large-scale meetings or conferences. The property sits on a 0.25-acre lot, providing ample outdoor space. The asking price is $495,000. While the existing contents and fixtures, fittings, and equipment (FF&E) are not included in the sale price, they are available for separate negotiation. This adaptable space presents significant potential for a diverse range of commercial ventures, offering a blend of historical charm and modern functionality in a desirable location. The property's size, amenities, and accessibility make it an ideal candidate for a variety of commercial uses. Serious inquiries are encouraged.

    Property Features for 202 4Th Street Ct

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,040 SF
    Lot Size
    10,890 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.57212
    Latitude
    41.45203

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Church Building, Modern Amenities
    Where is this commercial real estate located?
    The property is located at 202 4Th Street Ct Milan, IL.
    What is the asking price?
    The asking price for this property is $495,000.
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    202 4Th Street Ct Milan, IL 61264
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    Milan, IL 61264
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 4Th Street Ct Milan, IL 61264
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