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    1005 3Rd St Aledo, IL 61231

    Sponsored
    For Sale
    $109,900

    Spacious building, large lot, great location.

    Property size:
    3,192 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional commercial property at 1005 SE 3rd Street, Aledo, IL presents a remarkable investment opportunity. Boasting a substantial 3,192 square feet of building space situated on a generous 0.94-acre lot, this property offers ample room for a variety of commercial ventures. The building itself is well-maintained and features numerous rooms, providing flexibility for diverse business needs. Its convenient location directly off the main road ensures high visibility and easy accessibility for customers and employees. Adding to its appeal is the inclusion of a large, two-car garage complete with a loft, offering additional storage or workspace. The property is also handicap accessible, catering to a wider range of potential users. The expansive lot provides extensive parking, a significant advantage for businesses requiring ample space for vehicles. With its combination of size, location, and accessibility features, this property presents significant potential for growth and profitability. The asking price is $109,900. This is a rare opportunity to acquire a substantial commercial property in a desirable location.

    Property Features for 1005 3Rd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,192 SF
    Lot Size
    40,946 SF

    Building Details

    Year Built
    1945
    Property Profile Location Intelligence

    Current Use by Public Records

    Dennison Funeral Home Funeral Home

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Aledo
    County
    Mercer
    State
    Illinois
    Longitude
    -90.73872
    Latitude
    41.19997

    Nearby Comparable

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    Nearby Similar for Sale

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    • $85,000
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    • $80,000
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    FAQs

    What type of property is this?
    Commercial real estate - Spacious building, large lot, great location.
    Where is this commercial real estate located?
    The property is located at 1005 3Rd St Aledo, IL.
    What is the asking price?
    The asking price for this property is $109,900.
    Request Owner's contact information
    1005 3Rd St Aledo, IL 61231
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    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
    1005 3Rd St Aledo, IL 61231
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