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    OFF-MARKET
    Commercial real estate

    13th Ave Ct, Aledo, IL 61231

    0.54 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.54-acre commercial lot, located at Lot 6, SE 13th Avenue Court in Aledo, Illinois, presents a remarkable investment opportunity. Situated at the intersection of Highways 17 and 94, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure. The lot benefits from utilities readily available at the lot line, simplifying the development process. This strategic location places the property in close proximity to a variety of established businesses, including Walmart, McDonald's, Mercer Market Grocery Store, a Mexican restaurant, Casey's Gas Station, AutoZone, Blackhawk Bank, a church, a physical therapist's office, and a veterinary clinic. Neighboring Lot 8 already houses Midwest Bank, creating a thriving commercial environment. All lots feature city road frontage, with Lot 1 offering frontage on Highways 17/94 and Lot 7 boasting Highway 94 frontage. Lots 4 & 5 are anticipated to begin development in 2024. Aledo itself is experiencing significant growth, fueled by ongoing revitalization projects in the historic downtown area, a multi-million dollar YMCA expansion, school expansions, new residential construction, an upcoming apartment building renovation, and the planned construction of a new aquatic center in 2024. The recent openings of a campground south of town and motorsports trails north of town further enhance the area's appeal. This property offers a unique chance to capitalize on Aledo's burgeoning growth, situated conveniently between Davenport, Muscatine, Burlington, and Galesburg. The asking price for this prime commercial lot is $80,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.54 ac (23,522 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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