Drive-Through Restaurant
For Sale
$545,000
1800 36th Ave, Moline, IL 61265
Existing restaurant improvements include drive-through infrastructure, pylon signage, and on-site parking.
Property Size5,984 SF
Price / SF$91.08
Days on Market60
Property Features for 1800 36th Ave
General Information
Standard status
Active
Size
5,984 SF
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Building Details
Year Built
1981
Listing Agency:
Hawkeye Commercial Real Estate
Listed By:
Max Gellerman · License #S69838000/475199257
(563) 676-2806
Source:
Bktchicago
Added: Aug 15
Changed: Oct 3
Last Checked: Oct 7 at 5:11PM
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
Investment Insights
Based on property information with market context.
This commercial property includes an existing restaurant layout with drive-through infrastructure, pylon signage, and on-site parking. Constructed in 1981, the site formerly operated as a McDonald’s restaurant and is currently positioned for redevelopment or reuse.
The property is located just off John Deere Road in Moline, providing access to an established commercial corridor. Potential applications identified for the site include restaurant, retail, and redevelopment uses. Certain use restrictions apply and should be reviewed as part of evaluating future plans.
The property is located just off John Deere Road in Moline, providing access to an established commercial corridor. Potential applications identified for the site include restaurant, retail, and redevelopment uses. Certain use restrictions apply and should be reviewed as part of evaluating future plans.
Key Highlights
- Existing drive‑through restaurant layout
- Formerly operated as a McDonald’s restaurant
- Pylon signage and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,486
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,720
$989.7K
Cap Rate 7%
$706,943
$706.9K
Cap Rate 9%
$549,844
$549.8K
Market Conditions
NOI Build-Up for 5,984 SF
Gross rent
$79.0K $13.20/SF
− Vacancy
−$8.3K −$1.39/SF
EGI
$70.7K $11.81/SF
− OpEx
−$21.2K −$3.54/SF
NOI
$49.5K $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%
$989,720
Cap Rate 7%
$706,943
Cap Rate 9%
$549,844
Alternative Uses
Best Use
Specialty Retail
$1.01M
$879.7K – $1.17M
NOI $70,379 @ 7.0% cap · market cap 12.91%
Second Best
Retail
$706.9K
$618.6K – $824.8K
NOI $49,486 @ 7.0% cap · market cap 9.08%
Theoretical Best
Healthcare Medical
$1.02M
$891.7K – $1.19M
NOI $71,338 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
129k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 22%
Home Improvements & Furnishings 12%
Groceries 12%
Ollie's Bargain Outlet
Shops & Services
18,112 visits/mo
0.4 miles
Buffalo Wild Wings
Dining
18,094 visits/mo
0.4 miles
Fareway
Groceries
15,347 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
15,103 visits/mo
0.5 miles
Jersey Mike's Subs
Dining
9,973 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Existing restaurant improvements include drive-through infrastructure, pylon signage, and on-site parking.
Where is this drive through restaurant located?
The property is located at 1800 36th Ave Moline, IL.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Existing drive‑through restaurant layout; Formerly operated as a McDonald’s restaurant; Pylon signage and on‑site parking
