Property profile

L 11 12Th Ave East Moline, IL 61244

OFF-MARKET
Commercial real estate
1.31 ac lot
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Property summary

AI-generated overview

This exceptional 1.31-acre commercial land parcel, located at 0 12th Avenue L 11 in East Moline, Illinois (zip code 61244), presents a unique investment opportunity. Zoned B-3, this property is priced at $342,382, or $6 per square foot. The land is owned by an LLC and offers significant potential for development. Situated on a bend in the Mississippi River, this site benefits from its strategic location within a rapidly growing area. The surrounding development includes three planned apartment complexes and two Hyatt hotels, along with restaurants, retail spaces, and green areas. This substantial investment in infrastructure, exceeding $10 million, underscores the area's promising future and the significant potential for increased property value. The site's proximity to the river and the planned amenities creates a vibrant and attractive environment for businesses. This is an excellent opportunity to capitalize on the momentum of this thriving area and become part of a dynamic and expanding community. The property is ready for development, offering a blank canvas for a variety of commercial ventures. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Lot 1.31 ac (57,064 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

L 11 12Th Ave East Moline, IL 61244
East Moline metro
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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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