415 15Th Street Pl Moline, IL 61265
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Downtown Moline, IL: Restaurant, Apartments
Property Features for 415 15Th Street Pl
General Information
- Property type
- Restaurants
Building Details
- Year Built
- 1891
- Buildings
- 1
- Units
- 2
Listing Agency: Quad Cities Iowa Realty - Davenport Listing Agent: Ted Rebitzer
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use property, located at 415 15th Street in downtown Moline, Illinois, presents a unique investment opportunity. The main building, constructed in 1891, and an adjacent structure built in 1901, boast approximately 7,176 square feet of space above grade. A complete renovation in 2003-2004 transformed the property, creating a vibrant commercial space on the first floor currently configured as a restaurant, a partial mezzanine, and two residential apartments. The apartments consist of a one-bedroom unit and a recently updated two-bedroom unit. The property also includes a full basement. The building benefits from its prime downtown location, with convenient access to a large public parking lot and a parking ramp directly across the street. The property features a newer TPO roof. Currently, the property is available for lease at a modified gross rent of $5,000 per month. The asking price for the property is $569,000. The seller is facilitating a 1031 exchange, with cooperation from the buyer expected at no additional cost. This is an excellent opportunity to acquire a historically significant, well-maintained, and strategically located mixed-use property in the heart of Moline. The property is zoned for commercial, multifamily, and retail uses. The property consists of one building with two units.
Property Profile
Location Intelligence
Current Use by Public Records
Small apartment buildings
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.5168111
- Latitude
- 41.5064888
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FAQs
What type of property is this?
Restaurant - Downtown Moline, IL: Restaurant, Apartments
Where is this restaurant located?
The property is located at 415 15Th Street Pl Moline, IL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Prime downtown Moline, IL location at 415 15th Street.; 7,176 SF mixed-use building (1891 & 1901 construction), completely renovated (2003-2004).; First floor commercial space (currently a restaurant), partial mezzanine, and two residential apartments (one-bedroom and one updated two-bedroom).
