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Listed by Shawn Stuenkelof Hawkeye Commercial Real Estate
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Est. payment | /mo
9,897 SqFt
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Est. payment | /mo
9,897 SqFt
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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