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Property profile & analytics
OFF-MARKET
Land

330 1St Ave Milan, IL 61264

0.31 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.31 ac (13,504 SF)
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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