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    12th Ave East Moline, IL 61244

    Sponsored
    For Sale
    $376,358

    Prime Riverfront Development Site, B-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.45-acre parcel, located at 0 12th Avenue L 15 in East Moline, Illinois (zip code 61244), presents a unique investment opportunity. Zoned B-3, this land is ideally situated on a bend in the Mississippi River, offering stunning views and unparalleled access. The property is part of a vibrant, rapidly developing area undergoing significant infrastructure improvements, with over $10 million invested. The surrounding area is experiencing substantial growth, including the planned construction of three apartment complexes and two Hyatt Hotels, along with supporting restaurants, retail establishments, and green spaces. This strategic location ensures high visibility and accessibility, making it perfect for a variety of commercial ventures. The asking price is $376,358, translating to $6.00 per square foot. The property is owned by an L.L.C. This is an exceptional chance to capitalize on the momentum of this thriving riverfront development. The property's prime location and the significant investment in surrounding infrastructure make this a compelling opportunity for investors seeking high-growth potential. Don't miss this chance to be part of East Moline's exciting future.

    Property Features for 12th Ave

    General Information

    Property type
    Land
    Lot Size
    63,162 SF

    HighLights

    • $376,358 asking price.
    • 1.45‑acre land parcel.
    • B‑3 zoning.
    • Located at 0 12th Avenue L 15, East Moline, IL 61244.
    • Owned by an LLC.
    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 Riverfront Development Site, B-3 Zoning
    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 $376,358.
    What are key features of this property?
    This property features: $376,358 asking price.; 1.45-acre 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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