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    12th Ave East Moline, IL 61244

    Sponsored
    For Sale
    $342,382

    Prime 1.31-acre development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.31-acre commercial land parcel, located at 0 12th Avenue L 11 in East Moline, Illinois (zip code 61244), presents a unique investment opportunity. Zoned B-3, this property is priced at $342,382, or $6 per square foot. The land is owned by an LLC and offers significant potential for development. Situated on a bend in the Mississippi River, this site benefits from its strategic location within a rapidly growing area. The surrounding development includes three planned apartment complexes and two Hyatt hotels, along with restaurants, retail spaces, and green areas. This substantial investment in infrastructure, exceeding $10 million, underscores the area's promising future and the significant potential for increased property value. The site's proximity to the river and the planned amenities creates a vibrant and attractive environment for businesses. This is an excellent opportunity to capitalize on the momentum of this thriving area and become part of a dynamic and expanding community. The property is ready for development, offering a blank canvas for a variety of commercial ventures. Serious inquiries are encouraged.

    Property Features for 12th Ave

    General Information

    Property type
    Land
    Lot Size
    57,064 SF

    HighLights

    • $342,382 asking price.
    • 1.31‑acre commercial land parcel.
    • B‑3 zoning.
    • $6/SF land value.
    • LLC ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    East Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.3842527
    Latitude
    41.5306294

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    FAQs

    What type of property is this?
    Land - Prime 1.31-acre development site.
    Where is this land located?
    The property is located at 12th Ave East Moline, IL.
    What is the asking price?
    The asking price for this property is $342,382.
    What are key features of this property?
    This property features: $342,382 asking price.; 1.31-acre commercial land parcel.; B-3 zoning.
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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 East Moline, IL 61244
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