Property profile

202 4Th Street Ct Milan, IL 61264

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

202 4Th Street Ct Milan, IL 61264
Milan 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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