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    2109 16Th St Moline, IL 61265

    For Sale
    $134,900

    Fully occupied, month-to-month leases. High rental income potential.

    Property size:
    1,732 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a fully occupied three-unit building located at 2109 16th Street in Moline, Illinois. The property encompasses 1,732 square feet and features two one-bedroom units and one efficiency unit, all currently operating under month-to-month leases. This provides significant flexibility and potential for future rental increases. The owner currently covers all utility expenses, minimizing operational burdens for the new owner. A significant advantage is the existing arrangement with the front unit tenant, who is responsible for lawn care and snow removal. Recent improvements enhance the property's value and appeal. The front unit underwent a remodel in 2020, while the upper unit received new carpeting, blinds, and a furnace motor replacement in 2024. The property is being sold in "As-Is" condition. This triplex presents a strong cash flow opportunity for an investor seeking a stable, income-generating asset in a desirable Moline location. The month-to-month leases offer immediate control and flexibility for the new owner to manage rental rates and tenant occupancy. Given the recent upgrades and the tenant-maintained landscaping, this property is poised for continued success. The asking price is $134,900.

    Property Features for 2109 16Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,732 SF

    Building Details

    Year Built
    1910
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parkview Salon Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.51384
    Latitude
    41.49051

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    FAQs

    What type of property is this?
    Commercial real estate - Fully occupied, month-to-month leases. High rental income potential.
    Where is this commercial real estate located?
    The property is located at 2109 16Th St Moline, IL.
    What is the asking price?
    The asking price for this property is $134,900.
    Request Owner's contact information
    2109 16Th St Moline, IL 61265
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    Moline, IL 61265
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2109 16Th St Moline, IL 61265
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