Address
1601-1605 5th Avenue, Moline, IL
Price
$ 999,000
Property Attributes
- MLS#12614551
- TypeCommercial
- Listing Status Active
- CountyROCK ISLAND
- CityMoline
- AreaMoline
- NeighborhoodMoline City Centre
- Zip61265
- Style
- Year Built1913
- Taxes$ 5406
- Price$ 999,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage9897
- Lot Size0.089532 Acres
Data Source:
Midwest Real Estate Data (MRED)
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.
| Price History | |
|---|---|
| 4/9/2026 | Listed $999,000 |
General Features
| Cooling | Central Air |
|---|---|
| Roof | Membrane |
| Zoning | COMMR |
| Year Built | 1913 |
| Electric | Single Phase |
| Stories Count | 3 |
| Township | Moline |
| Property Subtype | Mixed Use |
| Tax Year | 2024 |
| Gross Income | 10000 |
| County | Rock Island |
| Net Operating Income | 84600 |
| Operating Expense | 35400 |
| Insurance Expense | 5000 |
| Property Type | Commercial Sale |
| Possible Use | Commercial,Multi-Family |
| Status | Active |
| Directions | Take 7th Ave,turn left onto 16th St and proceed to 5th Ave |
| City | Moline |
| Number Of Units Total | 8 |
| MLS Area | Moline |
| Lot Size Square Feet | 3900 |
| Tax Annual Amount | 5406.24 |
| Electric Expense | 1200 |
| Trash Expense | 1200 |
| Water Sewer Expense | 2400 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Mixed Use |
| Cap Rate | 8.5 |
Exterior Features
| Building Area Total | 9897 |
|---|---|
| Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 61265
Price
Taxes
Year Built
Visits
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