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    1729 5Th Avenue Pl Moline, IL 61265

    For Sale
    $389,900

    Mixed-use, high-income potential, downtown location.

    Property size:
    7,614 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity presents the renowned Knox Building, a fully rented mixed-use property situated at the prime intersection of 5th Avenue and 18th Street in the heart of downtown Moline, Illinois. Spanning 7,614 square feet on a 0.27-acre lot, this historic building boasts a captivating blend of classic charm and modern updates. The property comprises three commercial spaces on the ground floor, currently occupied by tenants, two of whom have enjoyed long-term leases exceeding 20 years, providing exceptional rental income stability. Adding to the income stream is a separate, standalone commercial unit. Upstairs, a spacious four-bedroom loft apartment occupies the entire second floor, further diversifying the revenue potential. Recent renovations have enhanced both the aesthetic appeal and functionality of the building, incorporating modern amenities while preserving its historical significance. The building benefits from newer furnaces and gutters, and offers convenient off-street parking for tenants and customers. Its prominent location on a city historic tour route ensures high visibility and accessibility, making it an attractive proposition for a variety of retail and residential tenants. With a projected annual income exceeding $67,000, this property offers a compelling combination of historical significance, strong cash flow, and a secure investment opportunity.

    Property Features for 1729 5Th Avenue Pl

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,614 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1905
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.51328
    Latitude
    41.50743

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    FAQs

    What type of property is this?
    Commercial real estate - Mixed-use, high-income potential, downtown location.
    Where is this commercial real estate located?
    The property is located at 1729 5Th Avenue Pl Moline, IL.
    What is the asking price?
    The asking price for this property is $389,900.
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    1729 5Th Avenue Pl 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
    1729 5Th Avenue Pl Moline, IL 61265
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