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$2,250,000
Est. payment /mo
45,816 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 45,816 sqft
Price per Sqft $49
MLS Listing ID 12588187
Year Built 1915
Annual Tax Amount $97,565
Tax Year 2024
Lot Size 0.280 Acres
Lot Dimensions 80.00 X 150.00
Property Sub-Type Multi Family 5+
Property Description
Prime investment opportunity in the heart of Downtown Moline. This 45,816 SF mixed-use building offers 27 updated residential units (a mix of 1BR and 2BR) and 3 ground-floor commercial spaces, including long-term anchor tenant Tony's Pizza. With six vacant residential units, there's immediate upside for value-add investors. Originally built in 1915, the property blends historic character with modern updates like central air, elevator access, and solid brick construction. Priced under $55/SF, this asset offers strong potential for cash flow growth in a highly walkable location near employers, transit, and the riverfront.
Location
State IL
County Rock Island
Area Moline
Interior
Cooling Central Air
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick,Frame
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Listed by Shawn Langan of NAI Ruhl Commercial Company
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William Folger
Vice President, Real Estate Broker, REALTOR®
Vice President, Real Estate Broker, REALTOR®