NOT LISTED FOR SALE

2271 1st St E Milan, IL 61264

Ginger Hill Neighborhood

Estimated Value: $373,841

-- Bed
-- Bath
3,662 Sq Ft
$102/Sq Ft Est. Value

Last Sold September 20, 2012

Last sale price $48,267 $13 Per Sq Ft

Est. 675% increase in value since last sale

Current estimated payment $2,407/month

189 Days on Market

About This Home

As of September 2012

Very modern former Union Hall and offices, now vacant. 2 ADA restrooms, conference room, large reception area, meeting room and coffee area. Parking lot 15,900 SF. Free rent - 1 month for each year of lease term.

Last Agent to Sell the Property

David Levin

Hawkeye Commercial Real Estate License #475.081178/B27165000 Listed on: 01/31/2012

Last Buyer's Agent

Alexander Kelly

NAI Ruhl Commercial Company License #475.134777/S60345000

NAI Ruhl Commercial Company

Property Details

Property Type

  • Other

Year Built

  • Built in 2005

Lot Details

  • 1.16

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, common area, common area maintenance, janitorial, trash, snow/lawn, gas, electric, heating, cooling, water/sewer
  • The owner pays for all

Property Details

Property Type

Other

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office
  • Year Built: 2005
  • Handicap Modified: Yes
  • Three Phase: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Tile/Vinyl
  • Total Building Sq Ft: 3662
  • Estimated Lot Sq Ft: 50700

Exterior Features

  • Exterior Finish: Aluminum, Other Exterior Finish
  • Frontage Access: Paved 4Lane, Inside Lot
  • Insulation: Roof, Side Walls
  • Roof Construction: Comp Shingle, Sloped
  • Wall Construction: Frame, Steel/ST Fram

Utilities

  • Cooling: Central Air, Individual Units
  • Heating: Forced Air, Gas, Zones

Lot Info

  • Estimated Number of Acres: 1.16
  • Zoning: Commercial

Rental Info

  • Lease Dollar Sq Ft: 8
  • Lease Type: Net
  • Owner Pays: All
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Real Estate Taxes, Insurance, Common Area, Common Area Maint, Janitorial, Trash, Snow/Lawn, Gas, Electric, Heating, Cooling, Water/Sewer
  • Terms Lease: 3 Years, 4 Years, 5 Years, Renewal Option, Indexed Rent Increase

Tax Info

  • Annual Taxes: 9772.76
  • Parcel Id Number Tax Id: 4262
  • Estimated Taxes Sq Ft: 2.67
  • Tax Incentive: In City Limit
  • Tax Year: 2008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2013
Current Estimated Value
$373,841
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
-- $250,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2012 09/20/12 Sold $48,267 -89.3% $13 / Sq Ft
08/07/2012 08/07/12 Pending -- -- --
01/31/2012 01/31/12 For Sale $449,900 -- $123 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,474 $135,344 $26,164 $109,180
2023 $12,474 $126,489 $24,452 $102,037
2022 $11,222 $116,687 $22,557 $94,130
2021 $11,150 $110,499 $21,361 $89,138
2020 $10,923 $107,699 $20,820 $86,879
2019 $10,955 $106,633 $20,614 $86,019
2018 $10,654 $105,369 $20,370 $84,999
2017 $9,727 $103,404 $19,990 $83,414
2016 $9,495 $102,890 $19,891 $82,999
2015 $9,516 $102,347 $19,786 $82,561
2014 $2,567 $120,162 $19,360 $100,802
2013 $2,567 $120,162 $19,360 $100,802
Source: Public Records

Agents Affiliated with this Home

  • David Levin

    Seller's Agent in 2012

    David Levin

    Hawkeye Commercial Real Estate

    (309) 781-9169

    51 Total Sales

    David Levin
    Section Image
  • Alexander Kelly

    Buyer's Agent in 2012

    Alexander Kelly

    NAI Ruhl Commercial Company

    (309) 236-5489

    1 in this area

    43 Total Sales

    Alexander Kelly
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAQC7027863

RMLS Alliance

APN: 16-25-302-001

Illinois Rock Island County Milan 61264 Ginger Hill

2271 1st St E, Milan, IL

This home is located at 2271 1st St E, Milan, IL 61264 since 31 January 2012 and is currently estimated at $373,841, approximately $102 per square foot. This property was built in 2005. 2271 1st St E is a home located in Rock Island County with nearby schools including Thomas Jefferson Elementary School, Edison Jr High School, and Rock Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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