Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Moline Commercial Land For Sale Title is generated by Realmo AI

    1500-1506 RIVER Drive, Moline, IL 61265

    View on Map
    Claim this Listing
    For Sale
    $599,000

    Commercial land available at the corner of 15th and River.

    Added:
    Aug 12, 2025
    Days on Market:
    298
    Last Refresh:
    Mar 16 at 8:24 am

    Property Features for 1500-1506 RIVER Drive

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Shawn Stuenkel

    Listing agent Shawn Stuenkel License #S67977000/475.189483

    Listing office Hawkeye Commercial Real Estate

    Listing date Aug 12, 2025

    Source Evrealestate

    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 Hawkeye Commercial Real Estate

    HighLights

    • Downtown Moline location
    • Corner lot provides excellent visibility
    • Located in Rock Island County
    • Central Air

    Overview

    Located at the corner of 15th Street and River Drive in downtown Moline, Illinois, this commercial land is situated in Rock Island County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.517142
    Latitude
    41.508058

    Nearby Similar for Sale

    • Contact for pricing
      3,293 SF

      NNN Leased KFC Outlot

      Freestanding KFC outlot to SouthPark Mall for sale.
      4440 16th St, Moline, IL 61265
      View Details
    • $4,000,000
      14,392 SF

      Walgreens NNN Lease Opportunity

      NNN leased Walgreens with over 8 years remaining on primary term.
      555 19th Ave, Moline, IL
      View Details
    • $900,000
      38,850 SF

      East Moline Retail Property

      38,850 SF retail property with 5 units for sale.
      841 Avenue Of The Cities, East, Moline, IL 61244
      View Details
    • $495,000
      10,000 SF

      4.63 Acres Light Industrial Land

      4.63 acres of land zoned for light industrial use.
      4557 Il Route 173, Poplar Grove, IL
      View Details
    • $400,000
      4 SF

      4.66 Acre Corner Lot

      Improved corner lot suitable for various commercial developments.
      13766 IL Route 76 Rd, Poplar Grove, IL 61065
      View Details
    • $1,572,043
      3,293 SF

      NNN Leased KFC Restaurant For Sale

      NNN leased KFC with long-term lease and strong operating history.
      4440 16th St, Moline, IL 61265
      View Details
    • $285,000
      7,688 SF

      Downtown Moline Brick Office Building

      7,688 SF brick office building in downtown Moline.
      1411 6th Ave, Moline, IL 61265
      View Details
    • $4,084,000
      15,120 SF

      Moline Walgreens with NNN Lease

      Walgreens NNN lease with 11+ years remaining in Moline.
      3601 16th St, Moline, IL
      View Details
    • $695,000
      6,000 SF

      Moline Office/Medical Opportunity For Sale

      6,000 SF finished space near John Deere Road in Moline.
      1050 36TH Avenue, Moline, IL 61265
      View Details
    • $795,000

      John Deere Road Commercial Land

      Commercial land with high potential near John Deere headquarters.
      7300 John Deere Road, Moline, IL 61265,
      View Details
    • $3,900,000
      54,670 SF

      Retail Investment Opportunity in Moline

      Fully occupied retail property near major retailers and transportation.
      4401 27th St, Moline, IL 61265
      View Details
    • $425,000
      12,678 SF

      Moline Industrial/Flex Building For Sale

      Freestanding facility with showroom, warehouse, and additional metal building.
      318 RIVER Drive, Moline, IL 61265
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available at the corner of 15th and River.
    Where is this commercial land located?
    The property is located at 1500-1506 RIVER Drive Moline, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Downtown Moline location; Corner lot provides excellent visibility; Located in Rock Island County
    (309) 368-3419
    We can help!
    Listing Contact
    Shawn Stuenkel
    Real Estate License ID: S67977000/475.189483
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1500-1506 RIVER Drive, Moline, IL 61265
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!