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    13th Ave Ct Aledo, IL 61231

    Sponsored
    For Sale
    $150,000

    Prime Commercial Lot, High Visibility, 1.01 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 1.01-acre commercial lot, located at Lot 7, SE 13th Avenue Court in Aledo, Illinois, presents a remarkable investment opportunity. Situated at the intersection of Highways 17 and 94, this property boasts unparalleled visibility and accessibility. The lot enjoys significant daily traffic from locals and travelers alike, benefiting from its proximity to major businesses including Walmart, McDonald's, Mercer Market Grocery Store, a Mexican restaurant, Casey's Gas Station, AutoZone, Blackhawk Bank, a church, a physical therapist's office, and a veterinary clinic. Utilities are conveniently located at the lot line, simplifying development. The property offers excellent highway frontage on Highway 94, ensuring high exposure for any new business. Aledo is a thriving community strategically positioned between Davenport, Muscatine, Burlington, and Galesburg, offering a strong regional market. The Mississippi River, a popular destination for water activities, is a short 20-minute drive from the property. The Quad Cities are approximately 30 minutes to the south, and Galesburg is 45 minutes to the north. Lot 8, adjacent to this property, is already occupied by Midwest Bank, further highlighting the area's commercial appeal. This is an ideal location for a new business seeking high visibility and convenient access to a substantial customer base. The asking price is $150,000.

    Property Features for 13th Ave Ct

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,996 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Aledo
    County
    Mercer
    State
    Illinois
    Longitude
    -90.73475
    Latitude
    41.19883

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Lot, High Visibility, 1.01 Acres
    Where is this commercial real estate located?
    The property is located at 13th Ave Ct Aledo, IL.
    What is the asking price?
    The asking price for this property is $150,000.
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    13th Ave Ct Aledo, IL 61231
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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
    13th Ave Ct Aledo, IL 61231
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