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    5320 22Nd Avenue Ct Moline, IL 61265

    For Sale
    $3,950,000

    Class-A Office Building, 20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 20,000-square-foot Class-A office building situated on a three-acre lot in Moline, Illinois. The property, located at 5320 22nd Avenue, boasts a prime location off the highly trafficked Avenue of the Cities, surrounded by a vibrant mix of retail and residential establishments. Convenient public transportation access further enhances its appeal. Currently, 10,000 square feet are leased to Avadyne, a long-term tenant with a recently signed renewal, demonstrating strong commitment to the space. This leaves 10,000 square feet of Class-A vacant space, ideal for a variety of tenants including medical practices (physical therapy, dental, general healthcare), IT firms, call centers, or general office users. The building, constructed in 2016, features ample parking and prominent building signage visible from Avenue of the Cities. The property is zoned B-3 and offers a compelling investment opportunity due to the existing lease and the potential for additional income from the vacant space. The asking price for this exceptional property is $3,950,000. This is a rare chance to acquire a high-quality, well-located commercial building in a thriving market. The property's strategic location and modern design make it an attractive option for both investors and tenants.

    Property Features for 5320 22Nd Avenue Ct

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Buildings
    1

    HighLights

    • Asking Price: $3,950,000
    • Property Type: 20,000 SF Class‑A Office Building on 3 acres of land
    • Location: 5320 22nd Avenue, Moline, IL 61265, high visibility on Avenue of the Cities with ample parking
    • Tenancy: Partially occupied by Avadyne (10,000 SF) with a recent lease renewal; 10,000 SF of Class‑A space available for lease
    • Zoning: B‑3; Built in 2016
    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
    -90.4635796
    Latitude
    41.4904265

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    FAQs

    What type of property is this?
    Office Property / Space - Class-A Office Building, 20,000 SF
    Where is this office property / space located?
    The property is located at 5320 22Nd Avenue Ct Moline, IL.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Asking Price: $3,950,000; Property Type: 20,000 SF Class-A Office Building on 3 acres of land; Location: 5320 22nd Avenue, Moline, IL 61265, high visibility on Avenue of the Cities with ample parking
    Request Owner's contact information
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    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
    5320 22Nd Avenue Ct Moline, IL 61265
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