Gaslite Square Plaza

305 10th Ave W , Milan, IL 61264

  • For Sale $1,463,624
  • Property Type Retail
  • Property Size 10,790 SF
  • Lot Size 2.35 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1977
  • Date Updated Apr 15, 2025
Milan, IL – A Strategic Village in the Quad Cities Industrial Corridor Location & Accessibility Milan, Illinois is a small but strategically located village in Rock Island County, positioned within the broader Quad Cities metro area that spans parts of both Illinois and Iowa. Located just minutes from downtown Rock Island and Moline, and approximately 165 miles west of Chicago, Milan enjoys direct access to major transportation routes including I-280, I-74, and US-67. Its proximity to the Mississippi River and regional freight networks makes it an important hub for manufacturing and distribution operations. City Overview – Milan, IL With a population of just under 5,000, Milan offers a small-town atmosphere while benefiting from its location near major urban and industrial centers. It serves as a residential and commercial node for the surrounding region and is home to the John Deere North American Parts Distribution Center, one of the largest facilities of its kind globally. This presence anchors the local economy and supports Milan’s role as a key logistics and employment center within the Quad Cities. Demographics & Economy Milan’s population is marked by stability and steady workforce participation, with a median age of around 36.5 years and a median household income of approximately $61,000. While the unemployment rate is slightly above the national average, the village benefits from its proximity to major employment centers in Rock Island, Moline, and Davenport. The local economy is supported by industries such as manufacturing, warehousing, transportation, and healthcare, with job growth projected to continue at a modest but consistent pace. Commercial Real Estate Landscape Milan’s commercial real estate market is closely tied to its industrial and logistics infrastructure. The area supports a mix of distribution centers, light manufacturing properties, and small-format retail, with relatively affordable entry points for investors. Its location within the Quad Cities logistics corridor continues to make it attractive to companies seeking efficient access to both regional and national markets. Conclusion Milan, IL offers a compelling blend of strategic positioning, industrial strength, and community affordability. Its role in the broader Quad Cities economy, coupled with access to major infrastructure and the presence of key employers, positions it as a practical and promising market for long-term investment and business growth in western Illinois.
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Highlights

  • NEW 5-YEAR LEASES - Cactus Mexican Restaurant signed a brand new 5-year lease in February 2024. Both Milan Liquor and Milan Laundromat will sign new 5-year leases at close of escrow. Noticeable strong tenant commitment to remain at this location.
  • EXCELLENTLY MAINTAINED - Shanghai Chinese Restaurant underwent a brand new build within the past few years. Kathy Sue's spent nearly $100,000 on renovating their space. Most other tenants have brand new LED lights, electrical and HVAC units.

Contacts

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Prime Net Lease

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable
  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Milan, IL
  • Neighborhood Milan
  • Zip Code 61264

Points of Interest

  • Hy-Vee Gas

    0.17 miles

  • Shell

    3.86 miles

  • Jewel Express

    3.91 miles

  • 76

    3.91 miles

  • BP

    4.08 miles

  • Gas Land

    4.55 miles

  • Moline Food Gas and Liquor

    5.39 miles

  • Credit Union Parking

    0.26 miles

  • Short Term Parking

    3.51 miles

  • Long Term Parking

    3.52 miles

  • Rental Cars

    3.55 miles

  • Cell Phone Lot

    3.72 miles

  • Lot R

    3.91 miles

  • Lot S

    3.95 miles

  • Lot L

    3.96 miles

  • Lot M

    4.00 miles

  • Lot K

    4.07 miles

  • Pizza Joynt

    0.32 miles

  • McDonald's

    0.48 miles

  • Hardee's

    0.58 miles

  • Subway

    0.72 miles

  • Maid-Rite

    0.72 miles

  • Benny's Pizza

    1.44 miles

  • Fazoli's

    2.95 miles

  • Hungry Hobo

    3.48 miles

  • Rudy's Tacos

    3.49 miles

  • Dr. Gyro's

    3.52 miles

  • Hy-Vee

    0.09 miles

  • Save-A-Lot

    0.60 miles

  • Kohl's

    2.96 miles

  • Target

    3.02 miles

  • Ross

    3.11 miles

  • ALDI

    3.57 miles

  • Von Maur

    3.83 miles

  • City Line Plaza

    3.84 miles

  • Jewel-Osco

    3.85 miles

  • Shoppes at Southpark

    3.90 miles

Frequently Asked Questions

How much does Gaslite Square Plaza cost?

The space currently listed for sale at Gaslite Square Plaza asks for $1,463,624.

What is the total square footage of Gaslite Square Plaza?

Gaslite Square Plaza totals 10,790 square feet.

When was this property built?

Gaslite Square Plaza was built in 1977.

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