Downtown Moline Mixed-Use Redevelopment
1409 5TH Avenue, Moline, IL 61265
Four-story, 24,000 SF mixed-use building in thriving downtown corridor.
Type:Multifamily, Retail
Property size:
24,000 SFPrice / SF:
$14/SF- Added:
- Jan 24, 2024
- Days on Market:
- 839
- Last Refresh:
- Mar 25 at 8:18 am
Property Features for 1409 5TH Avenue
General Information
- Standard status
- Active
- Size
- 24,000 SF
- Property subtype
- Multifamily, Retail
Listing agent Shawn Langan License #S62759000
Listing office NAI Ruhl Commercial Company
Listing date Jan 24, 2024
Source Crexi
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
HighLights
- Rare mixed‑use property in Downtown Moline with existing restaurant and event space.
- Redevelopment potential for up to 12 apartments, offices, or hospitality suites on the third and fourth floors.
- Located in TIF District 13 (through 2039), offering potential tax increment financing for redevelopment.
- High‑visibility location near Vibrant Arena at The MARK, restaurants, shops, and hotels.
- Fully equipped, turn‑key restaurant on the ground floor.
- Includes a full basement for storage or future build‑out.
Overview
This four-story brick building, totaling approximately 24,000 square feet, is located in downtown Moline. The ground floor features a fully equipped restaurant with storefront visibility. The second floor contains a finished banquet or event space suitable for receptions and other events. The third and fourth floors are open and ready for redevelopment, with conceptual layouts supporting up to six apartments per floor, boutique offices, or hospitality suites. Each level spans approximately 6,000 square feet (40 feet by 150 feet). The property includes a full basement for storage or future build-out. The location is near the Vibrant Arena at The MARK and surrounded by restaurants, shops, and hotels, benefiting from foot traffic and access to I-74. Public parking is available in front of the building and in the lot directly behind. Situated within TIF District 13 (designated in 2016 and running through 2039), the property offers potential for leveraging tax increment financing to support redevelopment.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.52786
- Latitude
- 41.505035
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Four-story, 24,000 SF mixed-use building in thriving downtown corridor.
Where is this mixed-use property located?
The property is located at 1409 5TH Avenue Moline, IL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Rare mixed‑use property in Downtown Moline with existing restaurant and event space.; Redevelopment potential for up to 12 apartments, offices, or hospitality suites on the third and fourth floors.; Located in TIF District 13 (through 2039), offering potential tax increment financing for redevelopment.
