Property profile

1005 3rd St Aledo, IL 61231

OFF-MARKET
Commercial real estate
Property ID
US28-4000199
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 1005 SE 3rd Street, Aledo, IL presents a remarkable investment opportunity. Boasting a substantial 3,192 square feet of building space situated on a generous 0.94-acre lot, this property offers ample room for a variety of commercial ventures. The building itself is well-maintained and features numerous rooms, providing flexibility for diverse business needs. Its convenient location directly off the main road ensures high visibility and easy accessibility for customers and employees. Adding to its appeal is the inclusion of a large, two-car garage complete with a loft, offering additional storage or workspace. The property is also handicap accessible, catering to a wider range of potential users. The expansive lot provides extensive parking, a significant advantage for businesses requiring ample space for vehicles. With its combination of size, location, and accessibility features, this property presents significant potential for growth and profitability. The asking price is $109,900. This is a rare opportunity to acquire a substantial commercial property in a desirable location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 101016317005
UPID US28-4000199

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Social Service Agency

Location

1005 3rd St Aledo, IL 61231-2054
Aledo metro Census 40300 DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

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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