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    612 35Th Avenue Pl Moline, IL 61265

    For Sale
    $900,000

    High-yield investment, prime Moline location.

    Property size:
    6,225 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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 Features for 612 35Th Avenue Pl

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,225 SF
    Lot Size
    20,473 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.52908
    Latitude
    41.47461

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield investment, prime Moline location.
    Where is this 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.
    Request Owner's contact information
    612 35Th Avenue Pl 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
    612 35Th Avenue Pl Moline, IL 61265
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