Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2204 3rd St Aledo, IL 61231-9458

    • Commercial real estate
    • 2.05 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US28-4568115
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Essig Motors / Car Dealer / Used Car Dealer
    • Essig Motors Chevrolet Parts / Auto Parts Store
    • Essig-Motors Inc. - Jeep / Car Dealer / Jeep Dealer
    • BUICK at ESSIG-MOTORS INC. Buick / Car Dealer

    Property Details for 2204 3rd St

    Lot size
    2.05 lot acres
    Property type
    Commercial real estate
    APN
    101021201009
    APU
    101021201009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $345,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $310,000
      Mixed-Use
      $300,000
      Hospitality
      $380,000
      Educational
      $295,000
      Residential Income
      $390,000
      Energy
      $360,000
      Income-Based Land
      $375,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Aledo
    County
    Mercer
    State
    Illinois
    Longitude
    -90.7237
    Latitude
    41.1989
    CBSA code
    19340
    CBSA name
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $17,206
    $62,060
    $129,285
    $191,345
    -
    $186,180
    $387,855
    $574,035

    Comparable in this City

    • Value Estimation by Request
      0.55 Acres

      13th Ave Ct

      Commercial real estate • 0.55 Acres
      13th Ave Ct, Aledo, IL 61231
      View Details
    • Value Estimation by Request
      0.70 Acres

      13TH Ave Ct

      Land • 0.70 Acres
      13TH Ave Ct, Aledo, IL 61231
      View Details
    • Value Estimation by Request

      Aledo, IL 61231

      COMMERCIAL (GENERAL)
      Aledo, IL 61231
      View Details
    • Value Estimation by Request

      Aledo, IL 61231

      COMMERCIAL (GENERAL)
      Aledo, IL 61231
      View Details
    • Value Estimation by Request
      0.17 Acres

      1009 2nd St

      COMMERCIAL (GENERAL) • 0.17 Acres
      1009 2nd St, Aledo, IL 61231-1719
      View Details
    • Value Estimation by Request

      107 3rd Ave

      COMMERCIAL (GENERAL)
      107 3rd Ave, Aledo, IL 61231-1502
      View Details

    Similar Nearby for Sale

    • $150,000
      1.01 Acres

      Aledo Commercial Lot - Highway Frontage

      Prime Commercial Lot, High Visibility, 1.01 Acres
      13th Ave Ct, Aledo, IL 61231
      View Details
    • $80,000
      0.51 Acres

      Aledo Commercial Land - $80K

      Prime Commercial Lot, High Visibility
      13TH Ave Ct, Aledo, IL 61231
      View Details
    • $85,000
      3,000 SF

      Aledo Commercial Building & Lot

      High-traffic location, 3,000 sq ft building
      303 3Rd St, Aledo, IL 61231
      View Details
    • $109,900
      3,192 SF

      Aledo Commercial Building - Huge Potential

      Spacious building, large lot, great location.
      1005 3Rd St, Aledo, IL 61231
      View Details
    • $80,000
      0.54 Acres

      Aledo Commercial Lot - High Traffic Area

      Prime Aledo location, high visibility, investment opportunity.
      13th Ave Ct, Aledo, IL 61231
      View Details
    • $150,000
      1.01 Acres

      Aledo Commercial Land Opportunity

      Prime 1.01-acre commercial lot
      13TH Ave Ct, Aledo, IL 61231
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2204 3rd St
    Aledo, IL 61231-9458
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.