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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$999,000

Est. payment - /mo

9,897 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,897 sqft

Price per Sqft $100

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

Area Moline

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Exterior

Roof Type Membrane

Building

Dwelling Type Mixed Use

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Listed by Shawn Stuenkel of Hawkeye Commercial Real Estate

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent License ID: 475.188206

1601-1605 5th AVE Moline, IL 61265

Garrett Johnson

Key Details

Location

Interior

Exterior

Building

Nearby School & Business

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