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    2802 Ave Of The Cities Ave Moline, IL 61265

    For Sale
    $299,900

    Three retail spaces plus rental house. High-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property located at 2802 Avenue of the Cities in Moline, Illinois, 61265, presents a unique investment opportunity. Priced at $299,900, the property consists of a single building encompassing three separate retail spaces, ideal for a variety of businesses. The building also features a conveniently attached 1-bedroom, 1-bathroom rental house, providing an additional income stream. This attractive feature enhances the overall return on investment. The property's prime location in Moline offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong tenant occupancy. The land itself is situated in a rapidly developing area, promising future appreciation in value. This versatile property is perfect for an investor seeking a blend of commercial and residential income, or a business owner looking for a strategic location to establish or expand their operations. The property's combination of retail spaces and a rental unit offers a diversified income portfolio, mitigating risk and maximizing potential returns. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is zoned for commercial use and is ready for immediate occupancy.

    Property Features for 2802 Ave Of The Cities Ave

    General Information

    Property type
    Retail properties

    Building Details

    Buildings
    1

    HighLights

    • $299,900 asking price.
    • Land and retail property in Moline, IL.
    • One building on the site.
    • Located at 2802 Avenue of the Cities, Moline, IL 61265.
    • Includes three retail spaces and a one‑bedroom, one‑bathroom house.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.4976674
    Latitude
    41.4921354

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    FAQs

    What type of property is this?
    Retail property - Three retail spaces plus rental house. High-growth area.
    Where is this retail property located?
    The property is located at 2802 Ave Of The Cities Ave Moline, IL.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: $299,900 asking price.; Land and retail property in Moline, IL.; One building on the site.
    Request Owner's contact information
    2802 Ave Of The Cities Ave Moline, IL 61265
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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
    2802 Ave Of The Cities Ave Moline, IL 61265
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