For Sale
$900,000

612 35Th Avenue Pl Moline, IL 61265

High-yield investment, prime Moline location.

Overview

Added:
Feb 3
Days on market:
79
This 6,225 square foot commercial building, situated on a 0.47-acre lot at 612 35th Avenue in Moline, Illinois, presents a compelling investment opportunity. Currently leased to Genesis Health Systems under a new five-year lease at a rate of $19.25 per square foot, triple net (NNN), the property boasts a strong first-year net operating income (NOI) of $120,283.65. The building features a well-appointed layout including a reception area (12'8" x 10'8"), a waiting area (13' x 12'), two exam rooms (10'8" x 8'), two counseling rooms (11'9" x 10'8" and 10'10" x 10'8"), and a lab (8' x 6'7"). A fully finished lower level provides additional space, including a meeting area, offering versatility for future tenants or expansion. The property's strategic location in Moline, combined with its existing lease and substantial NOI, makes it an attractive asset for investors seeking stable income and potential for appreciation. The asking price is $900,000. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a desirable market.

Property Details for 612 35Th Avenue Pl

Property type
Commercial real estate
Square Feet
6,225 SF
Lot Size (sq. ft)
20,473 SF

Location Insight

City
Moline
County
Rock Island
State
Illinois
Latitude
41.47461
Longitude
-90.52908

FAQs

What type of property is this?
Commercial real estate - High-yield investment, prime Moline location.
Where is the commercial real estate located?
The property is located at 612 35Th Avenue Pl Moline, IL.
What is the asking price?
The asking price for this property is $900,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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612 35Th Avenue Pl
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