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    12th Ave Moline, IL 61244

    Sponsored
    For Sale
    $363,290

    1.39 Acres, B-3 Zoning, Riverfront Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.39-acre commercial land parcel in East Moline, Illinois, presents a unique investment opportunity. Located at 0 12th Avenue L 13, this property boasts a desirable B-3 zoning designation, offering considerable flexibility for development. The asking price is $363,290, translating to a land value of $6 per square foot. Situated on a bend in the Mississippi River, this site benefits from a prime location within a rapidly developing area. The surrounding area is experiencing significant growth, with planned additions including three apartment complexes, two Hyatt hotels, restaurants, retail spaces, and extensive green areas. Over $10 million is being invested in infrastructure improvements, further enhancing the value and appeal of this location. The property is owned by an LLC and offers exceptional potential for developers seeking to capitalize on the burgeoning growth and prime riverfront location. The 61244 zip code provides easy access to major transportation routes and amenities. This is an unparalleled chance to become part of a thriving community and a significant development project. The property's size and zoning make it suitable for a variety of commercial ventures. Don't miss this chance to secure a piece of East Moline's vibrant future.

    Property Features for 12th Ave

    General Information

    Property type
    Land
    Lot Size
    60,548 SF

    HighLights

    • 1.39‑acre commercial land parcel in East Moline, IL, zoned B‑3.
    • Asking price: $363,290 ($6/sq ft).
    • Prime riverfront location in a rapidly developing area.
    • Surrounding area includes planned apartment complexes, hotels, restaurants, retail, and green spaces; over $10M in infrastructure improvements.
    • Owned by an LLC; ideal for developers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.5070716
    Latitude
    41.5004058

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    FAQs

    What type of property is this?
    Land - 1.39 Acres, B-3 Zoning, Riverfront Opportunity
    Where is this land located?
    The property is located at 12th Ave Moline, IL.
    What is the asking price?
    The asking price for this property is $363,290.
    What are key features of this property?
    This property features: 1.39-acre commercial land parcel in East Moline, IL, zoned B-3.; Asking price: $363,290 ($6/sq ft).; Prime riverfront location in a rapidly developing area.
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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
    12th Ave Moline, IL 61244
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