226 E 1st Avenue

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226 E 1st Avenue

Milan, IL 61264
Asking Price
$90K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The 0.59-acre parcel is located at 226 E 1st Avenue
  • Milan property is available for purchase at $89,900
  • This site is positioned within the Illinois commercial real estate market
  • Asset provides development potential for various commercial or industrial projects
  • Land parcel is situated in a growing suburban regional submarket

What's Special

This land parcel is currently for sale, providing a strategic acquisition for investors or developers seeking a foothold in the Milan market. Spanning 0.59 acres, the site serves as a versatile foundation for various development projects within the Quad Cities region. The area benefits from regional connectivity and a steady suburban economic base, making it a practical choice for those looking to expand their commercial footprint or establish a new operational base. Given the parcel size and location, potential use cases include small-scale commercial development, professional service sites, or industrial support facilities tailored to the needs of the local community. Prospective buyers will find this an accessible entry point into the Illinois commercial landscape, suitable for long-term hold or immediate project activation. The site layout supports a range of site-specific configurations depending on individual business requirements.

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NOI
$80,000
Cap Rate
88.99%
DSCR
14.99
Strong
Cash-on-Cash
276.84%
Monthly Payment
$444.776
Annual Cash Flow
$74,662.686

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