$999,000
( $100.94Per Sq Foot )
 $5,363 est/mo Sourced by Back At You

1601-1605 5th Avenue,Moline, IL 61265

Moline, IL 61265

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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.

Details

MLS #12614551
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1913
Days On Site167
Listing Provided ByHawkeye Commercial Real Estate | Shawn Stuenkel

Features

SQ Feet9,897
Story(s)3
Units8
ZoningCOMMR

Interior

CoolingCentral Air

Exterior

RoofMembrane

Utilities

ElectricSingle Phase

Taxes

Tax Year2024
Tax Annual Amount5406.24

Area Information

StateIL
CountyRock Island
CityMoline
Zip Code61265
AreaMoline
Listing VS Median (in 61265)
Price:
$999,000
low | high
Med:
$145,000
100% of Average
sqft:
9,897
low | high
Med:
783
100% of Average
$ / sqft:
$101
low | high
Med:
$185
33.461239016795% of Average
On site:
167
low | high
Med:
8
100% of Average
Sourced by Back At You

Market Activity 61265

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Additional Information

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Contact

Learn More About This Property

Danielle Luchtenburg

Danielle Luchtenburg

Daniel and Associates Real Estate

475127687 (630) 677-6312danielle@daare.com
StateIL
CountyRock Island
CityMoline
Zip Code61265
AreaMoline
Listing VS Median (in 61265)
Price:
$999,000
low | high
Med:
$145,000
100% of Average
sqft:
9,897
low | high
Med:
783
100% of Average
$ / sqft:
$101
low | high
Med:
$185
33.461239016795% of Average
On site:
167
low | high
Med:
8
100% of Average
Sourced by Back At You
Listing Updated: July 9, 2026 at 12:20:34 PM PDT