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    OFF-MARKET
    Retail properties & Spaces

    202 4Th Street Ct, Milan, IL 61264

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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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Zoning & alternative use
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    Permitted uses
    Allowed · conditional · prohibited
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