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    2332 53Rd Street Dr Moline, IL 61265

    For Sale
    $160,000

    Prime Moline location, ideal for various uses. High visibility, ample parking.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial property, located at 2332 53RD Street in Moline, Illinois, 61265, presents a unique investment opportunity. Priced at $160,000, this property offers a versatile space suitable for a wide range of businesses. Built in 1940, the single building sits on a lot conveniently located just one block south of Avenue of the Cities, ensuring high visibility and easy accessibility. The property features a garage, substantial storage space, and ample parking, catering to the needs of various commercial ventures. Previous occupants included a salon and an HVAC business, demonstrating its adaptability. Currently vacant, this property is ready for immediate occupancy. The property is also available for lease at a gross monthly rate of $3,500. All measurements and information provided should be independently verified by the buyer. This is a fantastic opportunity for investors and small business owners seeking a well-situated, adaptable commercial space in a thriving Illinois community. The property's location and features make it an attractive option for a variety of commercial uses.

    Property Features for 2332 53Rd Street Dr

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1940
    Buildings
    1

    HighLights

    • $160,000 asking price.
    • Land, office, and retail property in Moline, IL.
    • 1940 construction with one building.
    • Located at 2332 53rd Street, Moline, IL 61265, one block south of Avenue of the Cities.
    • Previously used as a salon and HVAC business; currently vacant.
    • Features a garage, ample space, storage, and abundant parking. Also available for lease at $3,500/month gross.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.465287
    Latitude
    41.4885643

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    FAQs

    What type of property is this?
    Retail property - Prime Moline location, ideal for various uses. High visibility, ample parking.
    Where is this retail property located?
    The property is located at 2332 53Rd Street Dr Moline, IL.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: $160,000 asking price.; Land, office, and retail property in Moline, IL.; 1940 construction with one building.
    Request Owner's contact information
    2332 53Rd Street Dr 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
    2332 53Rd Street Dr Moline, IL 61265
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