Property profile

L 14 12Th Ave East Moline, IL 61244

OFF-MARKET
Commercial real estate
1.41 ac lot
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Property summary

AI-generated overview

This exceptional 1.41-acre commercial land parcel, located at 0 12th Avenue L 14 in East Moline, Illinois (zip code 61244), presents a unique investment opportunity. Zoned B-3, this property offers significant development potential within a rapidly growing area. The asking price is $368,518, translating to $6 per square foot. Situated on a bend in the Mississippi River, this lot benefits from stunning river views and is part of a larger development project. This project includes three planned apartment complexes, two Hyatt hotels, a conference center, restaurants, retail spaces, green areas, and a convenience store. Over $10 million is being invested in infrastructure improvements within the immediate vicinity, further enhancing the value and appeal of this property. The ownership structure is an LLC. This is an excellent chance to capitalize on the momentum of this thriving area and become part of a significant revitalization project. The property's prime location and the substantial investment in surrounding infrastructure make this a compelling opportunity for developers and investors seeking high-growth potential. This is a rare chance to acquire a sizable commercial lot in a rapidly developing riverfront location.

Property profile

Verified
Property type Commercial real estate
Lot 1.41 ac (61,420 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

L 14 12Th Ave East Moline, IL 61244
East Moline metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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