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    OFF-MARKET
    Commercial real estate

    13th Ave Ct, Aledo, IL 61231

    0.4 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.4-acre commercial lot, located at Lot 1, SE 13th Avenue Court in Aledo, Illinois, presents a remarkable investment opportunity. Situated at the major intersection of Highways 17 and 94, this property boasts unparalleled visibility and accessibility. The lot benefits from utilities readily available at the lot line, simplifying the development process. Its strategic location places it within close proximity to a variety of established businesses, including Walmart, McDonald's, Mercer Market Grocery Store, a Mexican restaurant, Casey's Gas Station, AutoZone, Blackhawk Bank, a church, a physical therapist's office, and a veterinary clinic. The presence of Midwest Bank on the adjacent Lot 8 further underscores the area's commercial viability. This lot offers significant highway frontage on Highways 17/94, ensuring maximum exposure to a high volume of daily traffic, including local residents, travelers, and freight drivers. Aledo itself is experiencing a period of significant growth and development, with ongoing projects such as the restoration of the historic downtown area, a multi-million dollar YMCA expansion, school expansions, new residential construction, an apartment building renovation, and the planned construction of a new aquatic center in 2024. The recent opening of a campground south of town and motorsports trails north of town further contribute to the city's expanding appeal. This property offers a unique chance to become part of Aledo's thriving commercial landscape, strategically positioned between Davenport, Muscatine, Burlington, and Galesburg. The asking price for this prime commercial lot is $120,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.4 ac (17,424 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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