12th AveEast Moline, IL 61244

For Sale
$368,518

1.41 Acres, B-3 Zoning, Riverfront Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 1.41-acre commercial land parcel, located at 0 12th Avenue L 14 in East Moline, Illinois (zip code 61244), presents a unique investment opportunity. Zoned B-3, this property offers significant development potential within a rapidly growing area. The asking price is $368,518, translating to $6 per square foot. Situated on a bend in the Mississippi River, this lot benefits from stunning river views and is part of a larger development project. This project includes three planned apartment complexes, two Hyatt hotels, a conference center, restaurants, retail spaces, green areas, and a convenience store. Over $10 million is being invested in infrastructure improvements within the immediate vicinity, further enhancing the value and appeal of this property. The ownership structure is an LLC. This is an excellent chance to capitalize on the momentum of this thriving area and become part of a significant revitalization project. The property's prime location and the substantial investment in surrounding infrastructure make this a compelling opportunity for developers and investors seeking high-growth potential. This is a rare chance to acquire a sizable commercial lot in a rapidly developing riverfront location.

Property Details for 12th Ave

Property type
Other land, Land
Lot Size (sq. ft)
61,420 SF

Location Insight

City
East Moline
County
Rock Island
State
Illinois
Latitude
41.5306294
Longitude
-90.3842527
12th Ave, East Moline, Illinois

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12th Ave
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