Property profile

13th Ave Ct Aledo, IL 61231

OFF-MARKET
Commercial real estate
1.01 ac lot
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Property summary

AI-generated overview

This exceptional 1.01-acre commercial lot, located at Lot 7, SE 13th Avenue Court in Aledo, Illinois, presents a remarkable investment opportunity. Situated at the intersection of Highways 17 and 94, this property boasts unparalleled visibility and accessibility. The lot enjoys significant daily traffic from locals and travelers alike, benefiting from its proximity to major 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. Utilities are conveniently located at the lot line, simplifying development. The property offers excellent highway frontage on Highway 94, ensuring high exposure for any new business. Aledo is a thriving community strategically positioned between Davenport, Muscatine, Burlington, and Galesburg, offering a strong regional market. The Mississippi River, a popular destination for water activities, is a short 20-minute drive from the property. The Quad Cities are approximately 30 minutes to the south, and Galesburg is 45 minutes to the north. Lot 8, adjacent to this property, is already occupied by Midwest Bank, further highlighting the area's commercial appeal. This is an ideal location for a new business seeking high visibility and convenient access to a substantial customer base. The asking price is $150,000.

Property profile

Verified
Property type Commercial real estate
Lot 1.01 ac (43,996 SF)

Cap rate & NOI

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

Location

13th Ave Ct Aledo, IL 61231
Aledo metro
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Value estimations

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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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