Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land Near Shopping Center Title is generated by Realmo AI

    3603-3706 40TH Avenue, Moline, IL 61265

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land for sale near major retailers.

    Type:Land
    Added:
    Jun 17, 2023
    Days on Market:
    1071
    Last Refresh:
    May 12 at 9:48 pm

    Property Features for 3603-3706 40TH Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    John Corelis

    Listing agent John Corelis

    Listing office NAI Ruhl Commercial Company

    Listing date Jun 17, 2023

    Source Crexi

    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 NAI Ruhl Commercial Company

    HighLights

    • Commercial zoning allows for a variety of development opportunities.
    • Price reduced to $3.98 PSF to stimulate activity; seller will consider all offers.
    • Rental houses provide short‑term income while developing.
    • Opportunity to develop pad sites for build‑to‑suit or resale.
    • Adjacent to a 450,000 SF shopping center with major retailers (Walmart, Lowes, Marshall's, Applebee's, Wendy's).
    • Located near high‑traffic intersection (35th and 40th) off the JDR overpass.

    Overview

    This commercially zoned land is available for sale. The property currently includes rental houses that provide short-term income. The site is suitable for further development with pad sites, build-to-suit projects, or resale opportunities, particularly for food or other tenants. The property is located adjacent to a 450,000 square foot shopping center that includes Walmart, Lowes, Marshall's, and Applebee's, as well as Popeye's and US Cellular on the west side of the 35th and 40th intersection off the JDR overpass.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.488215
    Latitude
    41.470451

    Nearby Similar for Sale

    • $495,000
      10,000 SF

      4.63 Acres Light Industrial Land

      4.63 acres of land zoned for light industrial use.
      4557 Il Route 173, Poplar Grove, IL
      View Details
    • Contact for pricing
      3,293 SF

      NNN Leased KFC Outlot

      Freestanding KFC outlot to SouthPark Mall for sale.
      4440 16th St, Moline, IL 61265
      View Details
    • $4,000,000
      14,392 SF

      Walgreens NNN Lease Opportunity

      NNN leased Walgreens with over 8 years remaining on primary term.
      555 19th Ave, Moline, IL
      View Details
    • $2,175,000
      2,524 SF

      Single-Tenant Starbucks Investment Opportunity

      New Starbucks in Moline, Illinois with long-term lease.
      4200 38th Ave, Moline, IL
      View Details
    • $400,000
      4 SF

      4.66 Acre Corner Lot

      Improved corner lot suitable for various commercial developments.
      13766 IL Route 76 Rd, Poplar Grove, IL 61065
      View Details
    • $1,572,043
      3,293 SF

      NNN Leased KFC Restaurant For Sale

      NNN leased KFC with long-term lease and strong operating history.
      4440 16th St, Moline, IL 61265
      View Details
    • $795,000

      John Deere Road Commercial Land

      Commercial land with high potential near John Deere headquarters.
      7300 John Deere Road, Moline, IL 61265,
      View Details
    • $285,000
      7,688 SF

      Downtown Moline Brick Office Building

      7,688 SF brick office building in downtown Moline.
      1411 6th Ave, Moline, IL 61265
      View Details
    • $695,000
      6,000 SF

      Moline Office/Medical Opportunity For Sale

      6,000 SF finished space near John Deere Road in Moline.
      1050 36TH Avenue, Moline, IL 61265
      View Details
    • $4,084,000
      15,120 SF

      Moline Walgreens with NNN Lease

      Walgreens NNN lease with 11+ years remaining in Moline.
      3601 16th St, Moline, IL
      View Details
    • $3,900,000
      54,670 SF

      Retail Investment Opportunity in Moline

      Fully occupied retail property near major retailers and transportation.
      4401 27th St, Moline, IL 61265
      View Details
    • $599,000

      Moline Commercial Land For Sale

      Commercial land available at the corner of 15th and River.
      1500-1506 RIVER Drive, Moline, IL 61265
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale near major retailers.
    Where is this commercial land located?
    The property is located at 3603-3706 40TH Avenue Moline, IL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Commercial zoning allows for a variety of development opportunities.; Price reduced to $3.98 PSF to stimulate activity; seller will consider all offers.; Rental houses provide short‑term income while developing.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Corelis
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3603-3706 40TH Avenue, Moline, IL 61265
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!