Property summary
This exceptional 0.7-acre commercial lot, located at Lot 1 SE 13TH Avenue Court in Aledo, Illinois (APN: 10-10-16-319-001), presents a remarkable investment opportunity. Priced at $120,000, this property boasts a highly visible location at the intersection of Highways 17 and 94, ensuring significant exposure to a substantial daily traffic volume of locals, travelers, and freight drivers. Utilities are conveniently located at the lot line, simplifying development. The property's strategic position offers proximity to numerous 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. This prime location benefits from existing commercial development, with Midwest Bank already established on a neighboring lot. Aledo is experiencing significant growth, fueled by ongoing revitalization projects in the historic downtown area, a multi-million dollar YMCA expansion, school expansions, new residential construction, an upcoming apartment building renovation, and the planned construction of a new aquatic center in 2024. Further contributing to the area's appeal are the recent openings of a campground south of town and motorsports trails north of town. This property offers unparalleled access to a thriving community strategically situated between Davenport, Muscatine, Burlington, and Galesburg. The property is zoned for commercial use and features city road frontage. This is an exceptional opportunity to capitalize on Aledo's dynamic growth and establish a successful business in a high-traffic, high-visibility location.
Property profile
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6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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