Mixed-Use Building with
For Sale
$235,000
1520 6th Ave, Moline, IL 61265
Two street-level commercial units accompany an upstairs apartment with separate living areas and in-unit laundry.
Property Size2,457 SF
Price / SF$95.65
Days on Market87
Property Features for 1520 6th Ave
General Information
Standard status
Active
Size
2,457 SF
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
in-unit laundry
rear deck
Building Details
Year Built
1909
Buildings
1
Tenancy
Multi
Listing Agency:
HomeSmart Residential and Commercial Realty
Listed By:
Tim Miner
(563) 571-0209
Source:
Bktchicago
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 7 at 3:59PM
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 HomeSmart Residential and Commercial Realty
Investment Insights
Based on property information with market context.
Built in 1909, this mixed-use building combines two street-level commercial units with an upstairs two-bedroom, one-bath apartment. The commercial spaces share a common area and restroom, while the residential unit includes distinct living spaces, in-unit laundry, and access to a rear deck. The property is fully leased.
The building is located in downtown Moline and falls within the River Edge Redevelopment Zone, where qualifying redevelopment projects may be eligible for financial incentives.
The building is located in downtown Moline and falls within the River Edge Redevelopment Zone, where qualifying redevelopment projects may be eligible for financial incentives.
Key Highlights
- Two street‑level commercial units plus an upstairs two‑bedroom, one‑bath apartment
- Fully leased mixed‑use property
- Apartment includes separate living spaces, in‑unit laundry, and rear deck access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,319
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,380
$406.4K
Cap Rate 7%
$290,271
$290.3K
Cap Rate 9%
$225,767
$225.8K
Market Conditions
NOI Build-Up for 2,457 SF
Gross rent
$32.4K $13.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$29.0K $11.81/SF
− OpEx
−$8.7K −$3.54/SF
NOI
$20.3K $8.27/SF
Area
Rock Island County, IL
Vacancy
10.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,380
Cap Rate 7%
$290,271
Cap Rate 9%
$225,767
Alternative Uses
Best Use
Mixed Use
$355.4K
$311.0K – $414.6K
NOI $24,877 @ 7.0% cap · market cap 10.59%
Second Best
Retail
$290.3K
$254.0K – $338.7K
NOI $20,319 @ 7.0% cap · market cap 8.65%
Theoretical Best
Healthcare Medical
$418.4K
$366.1K – $488.2K
NOI $29,291 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two street-level commercial units accompany an upstairs apartment with separate living areas and in-unit laundry.
Where is this mixed-use property located?
The property is located at 1520 6th Ave Moline, IL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two street‑level commercial units plus an upstairs two‑bedroom, one‑bath apartment; Fully leased mixed‑use property; Apartment includes separate living spaces, in‑unit laundry, and rear deck access
