13th Ave Ct, Aledo, IL 61231
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.