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Listed by Shawn Stuenkelof Hawkeye Commercial Real Estate
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Est. payment /mo
Active
1601-1605 5th AVE Moline, IL 61265
9,897 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,897 sqft
MLS Listing ID 12614551
Year Built 1913
Annual Tax Amount $5,406
Tax Year 2024
Property Sub-Type Mixed Use
Property Description
Three-story mixed-use investment opportunity located in the heart of downtown Moline. The property offers a balanced income stream with two commercial units, including one 1,500 SF vacancy alongside one stabilized tenant. The second and third floors comprise six fully leased residential units, renovated in 2019-2020, delivering stable, diversified cash flow. Significant capital improvements have been completed, including new furnaces, roof, tuckpointing, windows, and doors-positioning the asset as a well-maintained, low-deferred-maintenance investment. Tenants benefit from basement storage and the convenience of full-service leases on all units, with internet, gas/electric, water, sewer, and garbage included, simplifying management and enhancing tenant retention. Contact listing agents for showings. 24-hour notice required. Currently priced at an 8.5 cap.
Location
State IL
County Rock Island
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Roof Type Membrane
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