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    Property profile & analytics

    Milan, IL 61264

    • Commercial land
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 29, 2022
    Location Intelligence
    Property ID
    US28-2896917
    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

    • Commercial land

    Property Details

    Lot size
    0.65 lot acres
    Zone code
    MIL
    Property type
    Commercial land
    APN
    16-24-108-013
    APU
    1624108013

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.5606
    Latitude
    41.4526
    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
    $690
    $7,173
    $0.00
    $7,173
    -
    $21,519
    $0.00
    $21,519

    Comparable in this City

    • Value Estimation by Request
      2.33 Acres

      Milan, IL 61264

      VACANT COMMERCIAL LAND • 2.33 Acres
      Milan, IL 61264
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    • Value Estimation by Request
      0.27 Acres

      600 Nn Ave

      VACANT COMMERCIAL LAND • 0.27 Acres
      600 Nn Ave, Milan, IL 61264
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    • Value Estimation by Request
      10.13 Acres

      Milan, IL 61264

      VACANT COMMERCIAL LAND • 10.13 Acres
      Milan, IL 61264
      View Details
    • Value Estimation by Request
      0.06 Acres

      Milan, IL 61264

      VACANT COMMERCIAL LAND • 0.06 Acres
      Milan, IL 61264
      View Details
    • Value Estimation by Request
      10.02 Acres

      Milan, IL 61264

      VACANT COMMERCIAL LAND • 10.02 Acres
      Milan, IL 61264
      View Details
    • Value Estimation by Request
      25.20 Acres

      Milan, IL 61264

      VACANT COMMERCIAL LAND • 25.20 Acres
      Milan, IL 61264
      View Details

    Similar Nearby for Sale

    • $250,000

      Land For Sale Near Erickson

      Four contiguous lots available across from Erickson Chevrolet.
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    • $40,000
      0.31 Acres

      Prime Milan Commercial Land

      0.31-acre lot, B-1 zoning, high visibility
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    • Contact for pricing

      Residential Lot in Milan, IL

      Vacant residential lot suitable for building a home.
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    • New
      Contact for pricing

      Residential Lot in Milan, Illinois

      Vacant residential lot suitable for building a home.
      Parkside Ct, Milan, IL 61264
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    • $560,000
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      Prime Milan Commercial Property

      Spacious Shop & Office, 3.5 Acres
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    • $1,463,624
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      Gaslite Square Plaza, Milan, IL

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    Similar Nearby for Lease

    • $8 SF/Yr
      4,250 SF

      1007 12Th Avenue Ct

      Manufacturing properties
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    • $6 SF/Yr
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      Retail Space in Milan, Illinois

      Retail space available for lease in Milan, Illinois.
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    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
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