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Multi-Unit Retail Shopping Center
For Sale
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841 AVE OF THE CITIES, East Moline, IL 61244

Shopping center with five units, four currently occupied, and 100 parking spaces available for customers and tenants.

Property Size38,850 SF
Price / SF$23.17
Days on Market115

Property Features for 841 AVE OF THE CITIES

General Information

Standard status Active
Size 38,850 SF
Total Parking Spaces 100
Property subtype Retail
Occupancy 80%

Building Details

Year Built 1968
Units 4
Tenancy Multi
Listing Agency: Polk City-RE/MAX Concepts
Listed By: Shane Torres · License #IA B59979000
Source: Crexi
Added: May 19 Changed: Sep 8 Last Checked: Sep 10 at 5:33AM

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 Polk City-RE/MAX Concepts

Investment Insights

Based on property information with market context.

This multi-unit retail shopping center offers a total of five units, with four currently occupied. The property is being offered for sale and includes 100 parking spaces.

The center is located on the Avenue and is presented as a storefront-oriented retail investment with on-site customer parking.

With a partially occupied unit mix and shared parking capacity, the property provides a straightforward retail configuration for an owner seeking income from existing tenants.

Key Highlights

  • Shopping center built in 1968 with 5 total units
  • 4 of the 5 units are currently occupied
  • 38850 SF property size

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Parking Lot & Garage Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

80%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

333
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 72% Shops & Services 27% Home Improvements & Furnishings 1%
McDonald's Dining
32,751 visits/mo 0.1 miles
Checkers Dining
9,393 visits/mo 0.3 miles
Burger King Dining
8,076 visits/mo 0.5 miles
Dollar General Shops & Services
6,762 visits/mo 0.2 miles
SUBWAY Dining
5,392 visits/mo 0.2 miles

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
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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Ridgewood Shopping Center 669 Avenue of the Cities, East Moline, IL 61244

Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center with five units, four currently occupied, and 100 parking spaces available for customers and tenants.
Where is this shopping center located?
The property is located at 841 AVE OF THE CITIES East Moline, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Shopping center built in 1968 with 5 total units; 4 of the 5 units are currently occupied; 38850 SF property size
(515) 984-0222 Call to check price and availability
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