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    1608 8Th Street Ct East Moline, IL 61244

    Sponsored
    For Sale
    $245,000

    Prime Location, Updated Medical Office

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1608 8TH Street in East Moline, Illinois, presents a unique investment opportunity. Built in 1956, this single-building property offers a blend of office and retail space, ideal for a variety of medical or commercial uses. The asking price is $245,000. The building features four large offices, a spacious reception area, ample storage, and three restrooms, ensuring functionality and convenience for both staff and clients. On-site parking is readily available, adding to the property's appeal. A convenient storage shed is included in the sale. Accessibility is enhanced by a handicap-accessible ramp entry, catering to a diverse clientele. The property's central location within the Quad Cities Area (QCA) provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving community. The property is classified as land, office, and retail, offering flexibility for various business models. The zip code is 61244, and the property is situated in Rock Island County. This well-maintained building offers a solid foundation for immediate occupancy or future development, representing a compelling investment opportunity in a desirable location.

    Property Features for 1608 8Th Street Ct

    General Information

    Property type
    Medical offices

    Building Details

    Year Built
    1956
    Buildings
    1

    HighLights

    • 1608 8th Street, East Moline, IL 61244, Rock Island County. $245,000 asking price.
    • 1956‑built, single‑building property with office and retail space, suitable for various medical or commercial uses.
    • Features four large offices, a reception area, ample storage, three restrooms, and on‑site parking. Includes a storage shed.
    • Handicap‑accessible ramp.
    • Excellent visibility and accessibility in the Quad Cities Area (QCA).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    East Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.3842527
    Latitude
    41.5306294

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    FAQs

    What type of property is this?
    Medical office - Prime Location, Updated Medical Office
    Where is this medical office located?
    The property is located at 1608 8Th Street Ct East Moline, IL.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: 1608 8th Street, East Moline, IL 61244, Rock Island County. $245,000 asking price.; 1956-built, single-building property with office and retail space, suitable for various medical or commercial uses.; Features four large offices, a reception area, ample storage, three restrooms, and on-site parking. Includes a storage shed.
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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
    1608 8Th Street Ct East Moline, IL 61244
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