303 3Rd St, Aledo, IL 61231
This exceptional commercial property, located at 303 SW 3rd Street in Aledo, Illinois, presents a unique investment opportunity. The property consists of a 3,000 square foot building constructed in 2015, situated on a large lot with significant frontage on a main highway, ensuring high visibility and accessibility for any business. The ample parking includes a double entrance lot, providing convenient access for customers and employees. Beyond the building, an expansive grassy area extends approximately 100 feet to the north, offering additional space for expansion, outdoor seating, or other uses. The property's zoning allows for a variety of commercial uses, including restaurants, making it an ideal location for a diverse range of businesses. The 2023 tax assessment was $84,100, projecting an annual tax liability of approximately $7,703.00, assuming the tax rate remains consistent. This turnkey property is offered at an asking price of $85,000 and is ready for immediate occupancy. The combination of prime location, substantial building size, ample parking, and additional land makes this a truly remarkable opportunity for entrepreneurs and investors alike. The property is classified as Land and Retail, with a Commercial and Restaurant subtype.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & 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.