2400 Kennedy Dr East Moline, IL 61244
This exceptional 2.67-acre commercial land parcel, located at 2400 Kennedy Drive in East Moline, Illinois, presents a unique development opportunity. Currently zoned R-3, this property is ideally suited for multi-family construction. The site comprises three parcels, offering flexibility in design and development. Approximately 1.4 acres are buildable, providing ample space for a substantial project. The remaining acreage is suitable for parking or green space, enhancing the overall appeal and functionality of the development. Situated conveniently just south of Hillcrest Elementary School, this location benefits from excellent visibility and accessibility. The City of East Moline is proactively engaged and willing to collaborate with developers, potentially offering flexibility regarding setback reductions to streamline the development process. A survey of the property is readily available upon request, providing detailed information for comprehensive planning. This prime location, combined with its favorable zoning and the city's cooperative approach, makes this a highly attractive investment for developers seeking a promising multi-family project in a desirable East Moline neighborhood. The asking price for this exceptional opportunity is $295,000. The zip code is 61244, and the property is located in Rock Island County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.