Mixed-Use Building with Heated
For Sale
$614,000
1611 7TH Street, Moline, IL 61264
C-zoned property with flexible commercial areas, an upstairs two-bedroom apartment, and multiple supporting parcels.
Property Size7,669 SF
Price / SF$99.53
Days on Market278
Property Features for 1611 7TH Street
General Information
Standard status
Active
Size
7,669 SF
Property subtype
Commercial
Zoning
C
Site & Location
Corner Location
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$16,655
Amenities
covered driveway
2-bedroom apartment
heated garage
commercial floor drains
bathroom
Building Details
Building Size
7,669 SF
Year Built
1916
Buildings
2
Listing Agency:
HomeSmart Residential and Commercial Realty
(563) 571-0209
Listed By:
Kerry Panozzo
(563) 571-0209
Source:
Cavanaghrealty
Added: Nov 4, 2025
Changed: Aug 7
Last Checked: Aug 8 at 1:05PM
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 1916, this 6,169-square-foot mixed-use property includes a main building with open areas and several large rooms that can accommodate office or retail configurations. Renovation work remains to be completed, allowing the interior to be finished according to the intended use. A two-bedroom apartment occupies the second floor, and a covered driveway along the north side provides sheltered space for deliveries or drop-offs.
The property also includes three additional parcels: a separate parking lot, an open grass lot, and a 1,500-square-foot heated garage. The garage has a water heater, commercial floor drains, and a bathroom. The overall property is zoned C and sits at the corner of 7th Street and 16th Avenue in Moline.
The property also includes three additional parcels: a separate parking lot, an open grass lot, and a 1,500-square-foot heated garage. The garage has a water heater, commercial floor drains, and a bathroom. The overall property is zoned C and sits at the corner of 7th Street and 16th Avenue in Moline.
Key Highlights
- 6,169 SF mixed‑use building constructed in 1916
- C zoning with open areas and multiple large rooms
- Second‑floor two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,968
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,039,360
$1.0M
Cap Rate 7%
$742,400
$742.4K
Cap Rate 9%
$577,422
$577.4K
Market Conditions
NOI Build-Up for 6,169 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$88.8K $14.40/SF
− Vacancy
−$19.5K −$3.17/SF
EGI
$69.3K $11.23/SF
− OpEx
−$17.3K −$2.81/SF
NOI
$52.0K $8.42/SF
Area
Rock Island County, IL
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,039,360
Cap Rate 7%
$742,400
Cap Rate 9%
$577,422
Alternative Uses
Best Use
Mixed Use
$892.3K
$780.8K – $1.04M
NOI $62,461 @ 7.0% cap · market cap 10.17%
Second Best
Office B
$742.4K
$649.6K – $866.1K
NOI $51,968 @ 7.0% cap · market cap 8.46%
Theoretical Best
Healthcare Medical
$1.05M
$919.3K – $1.23M
NOI $73,543 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Explore this area
Business Placement
Demographics for 61264, IL
10,157
Population
4,978
Households
2
Avg Household Size
47
Median Age
23%
College-Educated
91%
High-School Grad
68.9 sq mi
ZIP Area
147
Density / Sq Mi
$78,285
Median Household Income
$50,389
Median Earnings
$832
Median Rent
$147,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-zoned property with flexible commercial areas, an upstairs two-bedroom apartment, and multiple supporting parcels.
Where is this mixed-use property located?
The property is located at 1611 7TH Street Moline, IL.
What is the asking price?
The asking price for this property is $614,000.
What are key features of this property?
This property features: 6,169 SF mixed‑use building constructed in 1916; C zoning with open areas and multiple large rooms; Second‑floor two‑bedroom apartment
