Property profile

13TH Ave Ct Aledo, IL 61231

OFF-MARKET
Land
0.54 ac lot
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Property summary

AI-generated overview

This exceptional 0.54-acre commercial lot, located at Lot 6 SE 13TH Avenue Court in Aledo, Illinois (APN: 10-10-16-319-006), presents a remarkable investment opportunity. Priced at $80,000, this property boasts a highly desirable location at a major intersection for travelers and freight drivers, situated where Highway 17 and Highway 94 intersect. The lot benefits from excellent visibility, being easily seen from numerous 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. Utilities are conveniently located at the lot line. The property is zoned for commercial use and offers city road frontage. Aledo is experiencing significant growth, with ongoing revitalization projects in the historic downtown area, a multi-million dollar YMCA expansion, school expansions, new home construction, an upcoming apartment building renovation, and a planned aquatic center opening in 2024. Further contributing to the area's appeal are a recently opened campground south of town and motorsports trails opened in 2023 just north of town. Aledo's strategic location between Davenport, Muscatine, Burlington, and Galesburg enhances its accessibility and attractiveness. This is an ideal opportunity to establish a new business in a thriving and rapidly expanding community. Don't miss this chance to be part of Aledo's exciting future.

Property profile

Verified
Property type Land
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

Location

13TH Ave Ct Aledo, IL 61231
Aledo 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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