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    1005 3Rd St Aledo, IL 61231

    Sponsored
    For Sale
    $109,900

    Spacious building, large lot, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial property in Aledo, Illinois, presents a compelling investment opportunity. Located at 1005 SE 3rd Street, this almost acre-sized lot boasts a substantial building exceeding 3,000 square feet, providing ample space for diverse business needs. The property includes two buildings constructed in 1945, offering a blend of character and potential. The main building is handicap accessible and well-maintained, featuring numerous rooms adaptable to various uses. A significant advantage is the convenient location directly off the main road, ensuring high visibility and accessibility. Further enhancing the property's appeal is a large two-car garage complete with a loft, offering additional storage or workspace. The ample parking available caters to both employees and clients. Situated in Mercer County, Illinois, with a 61231 zip code, this property offers significant potential for a variety of commercial ventures. The asking price is $109,900. This is a rare opportunity to acquire a substantial property with significant potential in a desirable location.

    Property Features for 1005 3Rd St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1945
    Buildings
    2

    HighLights

    • $109,900 asking price.
    • Land and office property with two buildings.
    • 1945 construction.
    • Located at 1005 SE 3rd Street, Aledo, IL 61231.
    • Nearly one‑acre lot with over 3,000 square feet of building space and ample parking.
    • Handicap accessible.
    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
    -90.7387437
    Latitude
    41.1999745

    Nearby Comparable

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    Nearby Similar for Sale

    • $109,900
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      Aledo Commercial Building - Huge Potential

      Spacious building, large lot, great location.
      1005 3Rd St, Aledo, IL 61231
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    • $80,000
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      Aledo Commercial Lot - High Traffic Area

      Prime Aledo location, high visibility, investment opportunity.
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      Aledo Commercial Lot - Highway Frontage

      Prime Aledo location, high visibility, investment opportunity.
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    • $85,000
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      Aledo Commercial Lot - Highway Frontage

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    • $100,000
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      Aledo Commercial Lots - Highway Frontage

      Prime Aledo location, 0.55 acres, utilities available.
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    • $80,000
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      Aledo Commercial Lot - Prime Location

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious building, large lot, high potential.
    Where is this office property / space 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.
    What are key features of this property?
    This property features: $109,900 asking price.; Land and office property with two buildings.; 1945 construction.
    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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