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    OFF-MARKET
    Commercial real estate

    13th Ave Ct, Aledo, IL 61231

    1.01 ac lot
    Property ID
    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
    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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