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    330 1St Ave Milan, IL 61264

    For Sale
    $40,000

    High-traffic, versatile 0.31-acre lot.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 0.31-acre commercial lot, situated at 330 1st Avenue East in Milan, Illinois, presents a compelling investment opportunity. Priced affordably at $40,000, this property offers significant potential for a variety of commercial ventures. Its strategic location within a thriving community boasting a 5-mile radius population exceeding 80,000 residents ensures high visibility and accessibility. The property's versatility allows for diverse development options, including but not limited to boutique retail spaces, professional offices, or even residential projects. The high volume of traffic passing the site further enhances its appeal to businesses seeking maximum exposure. This is a rare chance to acquire a high-profile commercial parcel in a dynamic and growing area, offering a strong return on investment for the discerning buyer. The property's size and location make it an ideal canvas for a business seeking to establish a strong presence in the Milan market. Don't miss this opportunity to secure this valuable piece of commercial real estate in a vibrant and expanding community. The property is ready for immediate development, offering a streamlined path to realizing your business goals.

    Property Features for 330 1St Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    13,504 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 Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.56258
    Latitude
    41.45286

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic, versatile 0.31-acre lot.
    Where is this commercial real estate located?
    The property is located at 330 1St Ave Milan, IL.
    What is the asking price?
    The asking price for this property is $40,000.
    Request Owner's contact information
    330 1St Ave 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
    330 1St Ave Milan, IL 61264
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