222 10th E Ave Milan, IL 61264-3120
Investor or owner-user opportunity awaits at 222 10th Avenue East in Milan, Illinois. This versatile commercial property boasts a 1,880 square foot building situated on a spacious 12,760 square foot lot. The single-story, Class B building, constructed in 1950, features durable block construction with an attractive brick facade. The property is zoned for commercial use and offers significant flexibility. Previously used as a chiropractic office, the layout is easily adaptable to accommodate multiple tenants or a single owner-user. The building includes a convenient 1.5 car garage. A new roof was installed in 2008, ensuring long-term structural integrity. The asking price is $169,000. This property presents a rare chance to acquire a well-maintained commercial building in a desirable location, ideal for a variety of business ventures. The property's size and zoning make it suitable for a range of uses, offering a strong return on investment for the discerning buyer. Located in Rock Island County, Illinois, with easy access to local amenities and transportation routes, this property is ready for its next chapter.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
MIL · Milan, ILCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.