1600 5TH AVE, Moline, IL 61265
1600 5TH AVE, Moline, IL 61265
1600 5TH AVE, Moline, IL 61265
1600 5TH AVE, Moline, IL 61265
1600 5TH AVE, Moline, IL 61265
1600 5TH AVE, Moline, IL 61265
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$ 1,300,000
Est. payment | /mo

14,400 SqFt


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$ 1,300,000
Est. payment | /mo
Save

14,400 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 14,400 sqft

Price per Sqft $90

MLS Listing ID 12795348

Year Built 1910

Annual Tax Amount $10,772

Tax Year 2025

Lot Size 7,840 Sqft

Lot Dimensions 94x68x25x2x119x78

Property Sub-Type Mixed Use

Property 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!

Location

State IL

County Rock Island

Area Moline

Zoning COMMR

Interior

Cooling Central Air

Flooring Concrete, Wood

Fireplace N

Building

Dwelling Type Mixed Use

Water Municipal Water

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
Listed by Tedd Lear of  eXp Realty 

NEARBY PROPERTIES

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1600 5TH AVE