330 1St Ave Milan, IL 61264
This exceptional 0.31-acre commercial and residential land parcel, located at 330 1st Avenue East in Milan, Illinois (zip code 61264), presents a compelling investment opportunity. The property, identified by APN 16-24-104-023, is zoned B-1, allowing for a variety of development options. Its strategic location offers high visibility and accessibility, benefiting from a substantial population base within a 5-mile radius exceeding 80,000 people. This translates to a robust potential customer base for any commercial venture. The property's versatility makes it suitable for diverse projects, including boutique retail spaces, professional offices, or residential developments. The asking price is $40,000. This is a rare chance to acquire high-profile real estate in a thriving community with significant growth potential. The property's location ensures convenient access for customers and employees alike. Don't miss this opportunity to secure a prime piece of land in a desirable location.
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.