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    4550 Kennedy Dr East Moline, IL 61244

    Sponsored
    For Sale
    $895,000

    Prime Office Space, Excellent Location

    Property size:
    14,944 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story executive office building, located at 4550 Kennedy Drive in East Moline, Illinois, presents a compelling investment opportunity. The 14,944 square foot building sits on a 0.76-acre lot and boasts 59 on-site parking spaces. The property is zoned C and features an elevator, ensuring accessibility for all. The building's geothermal heating and air conditioning system significantly reduces utility costs. Currently, the upper 7,472 square feet is leased, while the lower 7,472 square feet, a walk-out level, is available for lease at $7.00 per square foot annually, net, with CAM charges of $2.20 per square foot and real estate taxes of $3.18 per square foot. The asking price for the entire building is $895,000. The 2018/2019 real estate taxes totaled $47,561.04. This property offers an excellent opportunity for owner-occupancy or an investor seeking a strong cash flow with a partially leased building in a desirable East Moline location. The building's features, including its efficient energy system and ample parking, make it an attractive option for a variety of businesses. The lower level's availability for lease provides additional income potential. The property's location in Rock Island County, zip code 61244, offers easy access to major transportation routes.

    Property Features for 4550 Kennedy Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    14,944 SF
    Lot Size
    33,106 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • 14,944 SF two‑story office building
    • 0.76‑acre lot
    • Elevator access, ADA compliant
    • Geothermal HVAC system resulting in low utility costs
    • Partially leased; 7,472 SF available for lease; excellent user or investor opportunity
    • 59 on‑site parking spaces
    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
    East Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.4558756
    Latitude
    41.483542

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, Excellent Location
    Where is this office property / space located?
    The property is located at 4550 Kennedy Dr East Moline, IL.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 14,944 SF two-story office building; 0.76-acre lot; Elevator access, ADA compliant
    Request Owner's contact information
    4550 Kennedy Dr East Moline, IL 61244
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    Realmo Value Estimation

    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.

    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.

    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
    4550 Kennedy Dr East Moline, IL 61244
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