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    59 36Th Avenue Ct Moline, IL 61265

    Sponsored
    For Sale
    $653,000

    5 Acres, 174 Units Possible, R-6 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional 5.02-acre development opportunity in Moline, Illinois, is now available for $653,000. This prime parcel, identified as Lot 59 36th Avenue (APN 07-14823), is zoned R-6, permitting multi-family construction. A previous city approval exists for a 174-unit apartment complex on this site, making this a compelling investment prospect. The property boasts convenient access to essential utilities. Its highly desirable location offers proximity to key amenities, including Blackhawk College, Jane Adams School, John Deere Headquarters, Millennium Park, 70th Street, and John Deere Road, serving the Illinois Quad Cities market. This presents a unique chance to capitalize on the strong demand for housing in this thriving area. The expansive lot size provides ample space for a substantial multi-family development, catering to the growing population and robust rental market. Don't miss this chance to acquire a strategically located property with significant development potential.

    Property Features for 59 36Th Avenue Ct

    General Information

    Property type
    Multifamily properties
    Lot Size
    218,671 SF

    Building Details

    Units
    174
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    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
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.4399362
    Latitude
    41.4752737

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    FAQs

    What type of property is this?
    Multifamily property - 5 Acres, 174 Units Possible, R-6 Zoning
    Where is this multifamily property located?
    The property is located at 59 36Th Avenue Ct Moline, IL.
    What is the asking price?
    The asking price for this property is $653,000.
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    59 36Th Avenue Ct 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
    59 36Th Avenue Ct Moline, IL 61265
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