202 4Th Street Ct, Milan, IL 61264
This exceptional 10,890 sq ft property located at 202 W 4TH Street, Milan, IL 61264, presents a unique investment opportunity. Recently renovated, this former church building boasts a multitude of potential uses, thanks to its modern design and high-quality finishes. The building features a spacious sanctuary complete with a stage and sound booth, ideal for large gatherings or events. A significant asset is the inclusion of a large kitchen and food preparation area, along with a café or gathering space, perfect for a variety of commercial ventures. Accessibility is ensured with ADA-compliant facilities and convenient elevator service. The property sits on a substantial lot, offering ample space for expansion or outdoor activities. While the existing contents and furnishings are not included in the asking price of $495,000, they are available for separate negotiation. This versatile property is ready for immediate occupancy and offers significant potential for a savvy investor seeking a unique and well-appointed commercial space in a desirable location. The property is classified as Commercial, Executive Office, and Other/Government use. This is a single-building property in Rock Island County.
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.