Property profile

485 Ave Of The Cities East Moline, IL 61244

OFF-MARKET
Commercial real estate
Property ID
US28-2193893
13,600 SF Built 1980
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail space, located at 485 Avenue of the Cities in East Moline, Illinois, presents a fantastic opportunity for a single-tenant business. The property boasts 1,800 square feet of open space, ideally suited for a variety of retail uses. Situated in a B-2 zoned area, this property offers significant potential for growth and visibility. The space is available for lease at a gross monthly rate of $1,200. A key advantage is the ample parking available for customers and employees, ensuring convenient access. Furthermore, the property offers excellent signage opportunities, enhancing visibility and attracting potential customers. The suite includes the added convenience of private restrooms. The property's APN is 17-01-312-001, and it's located in a thriving area of East Moline, with the zip code 61244. This single-suite building offers a straightforward and efficient layout, minimizing operational complexities. The property is ready for immediate occupancy, allowing businesses to quickly establish their presence and begin operations. This is a rare opportunity to secure a well-located, functional retail space in a desirable East Moline location. Don't miss out on this chance to establish your business in a prime commercial setting.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Construction FRAME
Total area 13,600 SF
Zoning code EM
APN 17-01-312-001
UPID US28-2193893

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Rental Facility
  • Training Center Vocational School

Location

485 Ave Of The Cities East Moline, IL 61244-4052
East Moline metro Census 20900 DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2013
Price N/A
1969
Price N/A

Zoning & alternative use

EM · East Moline, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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