829 18Th AveMoline, IL 61265

Property Details for 829 18Th Ave

Construction

FRAME

Zone code

MOL

Property type

Commercial real estate

APN

17-05-123-018

APU

1705123018

Description

This exceptional investment opportunity presents a two-story, vacant multifamily and retail building situated on a 0.26-acre lot at 829 18th Avenue in Moline, Illinois, zip code 61265. The property, zoned C, comprises one building with a total of four apartments and three retail suites. While currently vacant, its history reflects strong tenancy, with retail tenants having occupied their spaces for over two decades and a stable multi-family occupancy record. This suggests a strong potential for future rental income. The property has undergone significant capital improvements in recent years, including a new roof, plumbing upgrades, and concrete repairs, minimizing immediate maintenance needs for the new owner. The asking price is $250,000. Detailed financial information is available upon request, allowing prospective buyers to thoroughly assess the property's financial performance and investment potential. This property presents a rare chance to acquire a well-maintained, historically stable multifamily and retail building in a desirable Moline location, ideal for investors seeking a strong return on investment. The property's combination of residential and commercial units offers diversification and potential for increased revenue streams. Don't miss this opportunity to acquire a valuable asset in a thriving Illinois market.

Location Insight

City

Moline

County

Rock Island

State

Illinois

Latitude

41.4953

Longitude

-90.525

CBSA code

19340

CBSA name

DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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