Property profile

13th Ave Ct Aledo, IL 61231

OFF-MARKET
Commercial real estate
0.51 ac lot
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Property summary

AI-generated overview

This 0.51-acre commercial lot in Aledo, Illinois, presents a unique investment opportunity. Situated at the intersection of Highways 17 and 94, this property boasts exceptional visibility and accessibility. Located near major retailers such as Walmart, McDonald's, and Mercer Market Grocery Store, as well as other local businesses including a Mexican restaurant, Casey's Gas Station, AutoZone, Blackhawk Bank, a church, physical therapist, and veterinary clinic, this lot ensures high daily traffic. The lot benefits from city utilities at the lot line and city road frontage. Aledo's vibrant community calendar includes events like the renowned Rhubarb Fest, Mercer County Fair, Antique Days, and Holly Days, attracting visitors year-round. The town's historical significance, coupled with amenities such as a public swimming pool, daycare, schools, YMCA, sunflower farm, pumpkin patch, country club, and various restaurants and shops, creates a thriving environment for businesses. This property is ideal for entrepreneurs seeking a high-visibility location in a bustling community. Lots 4 & 5 are pending development, projected to begin in 2024. This is a chance to establish your business in a well-established and growing town. The asking price is $80,000.

Property profile

Verified
Property type Commercial real estate
Lot 0.51 ac (22,216 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
Google Maps

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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