New Listing
1600 5th Avenue,Moline, IL 61265
Moline, IL 61265
Description
INVESTOR SPECIAL IN THE HEART OF DOWNTOWN MOLINE! Incredible investment opportunity in a prominent corner location at the intersection of 16th Street and 5th Avenue. This expansive mixed-use property offers exceptional income-producing potential with substantial improvements already completed. The second floor features 4 apartments, plus additional space with the potential to create 1-2 more units! These apartments also present an exciting opportunity for short-term rentals such as Airbnb, subject to local regulations. The main floor is currently home to Le Mekong Restaurant (business not included in sale) and offers two separate entrances and addresses, allowing for potential division into two commercial spaces. An additional space on the south side is currently utilized as an office, complete with its own entrance and address, offering yet another potential income-producing opportunity! Featuring two functional kitchens, flexible office space, and off-street parking, this property offers endless possibilities for investors, entrepreneurs, or those seeking a unique LIVE/WORK environment. Conveniently located near downtown restaurants, entertainment, hotels, and popular wedding and event venues, this property is positioned to capitalize on downtown activity. Whether you're looking to establish multiple rental income streams, expand your investment portfolio, or create a dynamic mixed-use property, the possibilities are exciting! Schedule your private showing today and discover the potential!
Details
| MLS # | 12795348 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | Undisclosed |
| Listing Provided By | eXp Realty | Tedd Lear |
Features
| SQ Feet | 14,400 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | COMMR |
| Acreage | 0.18 |
Interior
| Cooling | Central Air |
|---|
Exterior
| Construction Materials | Brick |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 10772 |
Area Information
| State | IL |
|---|---|
| County | Rock Island |
| City | Moline |
| Zip Code | 61265 |
| Area | Moline |
| Listing VS Median (in 61265) | |
Price: $1,300,000 low | high Med: $133,700 sqft: 14,400 low | high Med: 1,342 $ / sqft: $90 low | high Med: $104 On site: Undisclosed low | high Med: 118 | |
Market Activity 61265
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Learn More About This Property
| State | IL |
|---|---|
| County | Rock Island |
| City | Moline |
| Zip Code | 61265 |
| Area | Moline |
| Listing VS Median (in 61265) | |
Price: $1,300,000 low | high Med: $133,700 sqft: 14,400 low | high Med: 1,342 $ / sqft: $90 low | high Med: $104 On site: Undisclosed low | high Med: 118 | |