Auto Repair Shop with Overhead
For Sale
Contact for pricing
1505 15TH Avenue, Moline, IL 61265
The vacant shop includes a dedicated office and a large overhead door for vehicle access.
Property Size1,200 SF
Price / SF$0.01
Days on Market26
Property Features for 1505 15TH Avenue
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Automotive Uses
auto repair
Building Details
Year Built
1960
Listing Agency:
Hawkeye Commercial Real Estate
(563) 344-4295
Listed By:
David Levin
(309) 781-9169
Source:
Helenoliveri
Added: Oct 5
Changed: Oct 28
Last Checked: Oct 28 at 4:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot auto repair shop is vacant and includes a 100-square-foot office. A 10-by-10-foot overhead door provides vehicle access. The building was constructed in 1960.
The property is located off the corner of 15th Street and 15th Avenue in Moline. A restroom is located in the building to the west.
The property is located off the corner of 15th Street and 15th Avenue in Moline. A restroom is located in the building to the west.
Key Highlights
- 1,200 SF auto repair shop, now vacant
- 100 SF office
- 10x10 overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,716
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,320
$154.3K
Cap Rate 7%
$110,229
$110.2K
Cap Rate 9%
$85,733
$85.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$11.7K $9.72/SF
− Vacancy
−$642 −$0.53/SF
EGI
$11.0K $9.19/SF
− OpEx
−$3.3K −$2.76/SF
NOI
$7.7K $6.43/SF
Area
Rock Island County, IL
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,320
Cap Rate 7%
$110,229
Cap Rate 9%
$85,733
Alternative Uses
Best Use
Retail
$141.8K
$124.1K – $165.4K
NOI $9,924 @ 7.0% cap · market cap 141,771.43%
Second Best
Industrial
$110.2K
$96.5K – $128.6K
NOI $7,716 @ 7.0% cap · market cap 110,228.57%
Theoretical Best
Healthcare Medical
$204.4K
$178.8K – $238.4K
NOI $14,306 @ 7.0% cap · market cap 204,371.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
44k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 93%
Shops & Services 7%
McDonald's
Dining
25,566 visits/mo
0.4 miles
Little Caesars Pizza
Dining
7,434 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,628 visits/mo
0.4 miles
BP
Shops & Services
2,701 visits/mo
0.4 miles
Papa Murphy's
Dining
909 visits/mo
0.4 miles
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 Retail in Midwest region
Similar Off Market Nearby
- Goodyear Auto Service — 4119 Avenue of the Cities, Moline, IL 61265
- Midas — 4500 Avenue of the Cities, Moline, IL 61265
- Larry's garage — 2500 Avenue of the Cities, Moline, IL 61265
- Valvoline Instant Oil Change — 3027 Avenue of the Cities, Moline, IL 61265
Frequently Asked Questions
What type of property is this?
Auto shop - The vacant shop includes a dedicated office and a large overhead door for vehicle access.
Where is this auto shop located?
The property is located at 1505 15TH Avenue Moline, IL.
What are key features of this property?
This property features: 1,200 SF auto repair shop, now vacant; 100 SF office; 10x10 overhead door
