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Mixed-Use Building with Restaurant
For Sale
$1,350,000

1320 5th Ave, Moline, IL 61265

Main-level restaurant is paired with income-producing apartments above.

Property Size27,840 SF
Price / SF$48.49
Days on Market320

Property Features for 1320 5th Ave

General Information

Standard status Active
Size 27,840 SF
Property subtype Commercial

Building Details

Year Built 1919
Buildings 1
Tenancy Multi
Listing Agency: NAI Ruhl Commercial Company
Listed By: Shawn Langan · License #S62759000
Source: Searchillinoishomesforsale
Added: Oct 15, 2025 Changed: Aug 29 Last Checked: Aug 29 at 6:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Ruhl Commercial Company

Investment Insights

Based on property information with market context.

Built in 1919, this 27,840-square-foot mixed-use property combines a restaurant on the main level with apartments above. Meli’s occupies the commercial portion, while the residential component adds income-producing units within the same building.

The property is located at 1320 5th Ave in Moline, near downtown and with access to major corridors. Its combination of restaurant and apartment uses creates a single asset with both commercial and residential components.

Key Highlights

  • 27,840‑square‑foot mixed‑use building
  • Meli’s restaurant occupies the main level
  • Income‑producing apartments located above the restaurant

Property Analytics

Current Use

Meli's Pancake House Restaurant

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,089
Businesses Nearby

Demographics for 61265, IL

44,342
Population
20,396
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
89%
High-School Grad
19.2 sq mi
ZIP Area
2,309
Density / Sq Mi
$63,910
Median Household Income
$38,960
Median Earnings
$890
Median Rent
$142,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Main-level restaurant is paired with income-producing apartments above.
Where is this mixed-use property located?
The property is located at 1320 5th Ave Moline, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 27,840‑square‑foot mixed‑use building; Meli’s restaurant occupies the main level; Income‑producing apartments located above the restaurant
More about this property
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