Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3400 70Th St Moline, IL 61265

    Sponsored
    For Sale
    $73,150

    2+ Acre Commercial Lot, Multi-Family Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional 2.09-acre commercial land parcel, located at 3400 70th Street in Moline, Illinois, presents a unique investment opportunity. Zoned R-6, the property offers a diverse range of permitted uses, making it highly versatile for various development projects. The location sits in a transitional area between low-density residential and non-residential zones, providing a strategic advantage. Permitted uses include single-family detached homes, zero lot line developments, duplexes, townhouses, group/institutional homes, public service and utility distribution facilities, daycare centers, kennels, recreational vehicle storage, solar energy systems, and real estate sales offices. Many additional uses are possible with a special use permit. The asking price is $73,150. The property's address is 3400 70th Street, Moline, IL 61265, within Rock Island County. This prime location and flexible zoning regulations make this land ideal for developers seeking a variety of options. The expansive lot size provides ample space for substantial projects, catering to a wide range of potential uses and maximizing investment potential. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 3400 70Th St

    General Information

    Property type
    Land
    Lot Size
    91,040 SF

    We can help!

    Listing Contact
    David Sountris
    David Sountris

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.444174
    Latitude
    41.4781583

    Nearby Similar for Sale

    • $235,000
      Pending

      Versatile Multi-Use Property, Poplar Grove

      Multi-use property with storefront, residence, and rental units in Illinois.
      100 N State, Poplar Grove, IL 61065
      View Details
    • $142,000

      Moline Tri-Plex For Sale

      Tri-plex in Moline with long-term tenants and great cashflow.
      1618 11Th Avenue Ct, Moline, IL 61265
      View Details
    • $295,000
      0.72 Acres

      Turnkey Restaurant Business Opportunity

      Turnkey restaurant business for sale with drive-up and outdoor potential.
      13561 Julie Dr, Poplar Grove, IL 61065
      View Details
    • $899,000
      Pending

      Moline Commercial Property For Sale

      Corner lot with pylon signage and ample parking.
      701 19Th Ave, Moline, IL 61265
      View Details
    • $295,000
      19,387 SF

      Turnkey Restaurant Business For Sale

      Turnkey restaurant with drive-up, expansion potential, and existing lease.
      13561 Julie Dr, Poplar Grove, IL 61065
      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 61265
      View Details
    • $117,900
      1,200 SF

      Spacious Condo Near Kiwanis Park

      Second-floor condo with balcony, garage, and included amenities.
      930 17Th Street Pl, Moline, IL 61265
      View Details
    • $265,000
      2,279 SF

      Updated Duplex in Moline Neighborhood

      Well-maintained duplex with separate utilities and potential rental income.
      3401-3403 56Th Street Pl, 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 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 61265
      View Details
    • $3,550,000
      20,000 SF

      Class A Office Building Investment

      20,000 SF Class A office building for sale.
      5320 22Nd Ave, Moline, IL 61265
      View Details
    • $375,000
      20,508 SF

      Six-Story Office Building in Moline

      Six-story office building with potential for residential rehab.
      1520 7Th St, Moline, IL 61265
      View Details

    FAQs

    What type of property is this?
    Land - 2+ Acre Commercial Lot, Multi-Family Zoning
    Where is this land located?
    The property is located at 3400 70Th St Moline, IL.
    What is the asking price?
    The asking price for this property is $73,150.
    Request Owner's contact information
    3400 70Th St Moline, IL 61265
    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.
    3400 70Th St
    Moline, IL 61265
    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
    3400 70Th St Moline, IL 61265
    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

    We can help!
    Listing Contact
    David Sountris
    David Sountris
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.