Renovated Medical Office
For Sale
$239,900
1620 9th St, East Moline, IL 61244
Medical office with patient rooms, reception areas, built-in cabinetry, sinks, and on-site parking.
Property Size1,777 SF
Price / SF$135
Days on Market95
Property Features for 1620 9th St
General Information
Standard status
Active
Size
1,777 SF
Building Details
Year Built
1967
Listing Agency:
Mel Foster Co. Commercial
Listed By:
Nick Roman, Nick Reuter · License #S7386000
(563) 324-4488
Source:
Bktchicago
Added: Jul 14
Changed: Oct 11
Last Checked: Oct 7 at 4:09PM
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 Mel Foster Co. Commercial
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Investment Insights
Based on property information with market context.
This medical office property offers 1,777 square feet with multiple patient rooms, a reception area, and a waiting room. Built-in cabinets and sinks support clinical or professional office functions, while the main level includes two bathrooms and the unfinished basement provides a third bathroom. The building dates to 1967 and includes a large parking lot with 13 spaces.
Recent improvements include a full renovation in 2007, new Pella windows and doors in 2018, and a new furnace and AC installed in 2021. The property is located at 1620 9th St in East Moline, Illinois.
Recent improvements include a full renovation in 2007, new Pella windows and doors in 2018, and a new furnace and AC installed in 2021. The property is located at 1620 9th St in East Moline, Illinois.
Key Highlights
- 1,777‑square‑foot medical office property
- Multiple patient rooms plus front office and waiting room
- Built‑in cabinets and sinks throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,184
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,680
$423.7K
Cap Rate 7%
$302,629
$302.6K
Cap Rate 9%
$235,378
$235.4K
Market Conditions
NOI Build-Up for 1,777 SF
Gross rent
$39.4K $22.20/SF
− Vacancy
−$4.1K −$2.33/SF
EGI
$35.3K $19.87/SF
− OpEx
−$14.1K −$7.95/SF
NOI
$21.2K $11.92/SF
Area
Rock Island County, IL
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,680
Cap Rate 7%
$302,629
Cap Rate 9%
$235,378
Alternative Uses
Best Use
Healthcare Medical
$302.6K
$264.8K – $353.1K
NOI $21,184 @ 7.0% cap · market cap 8.83%
Second Best
Office B
$213.8K
$187.1K – $249.5K
NOI $14,969 @ 7.0% cap · market cap 6.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61244, IL
24,004
Population
10,135
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
87%
High-School Grad
26.9 sq mi
ZIP Area
892
Density / Sq Mi
$66,827
Median Household Income
$39,823
Median Earnings
$828
Median Rent
$140,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office with patient rooms, reception areas, built-in cabinetry, sinks, and on-site parking.
Where is this medical office space located?
The property is located at 1620 9th St East Moline, IL.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 1,777‑square‑foot medical office property; Multiple patient rooms plus front office and waiting room; Built‑in cabinets and sinks throughout
