1402 Ave Of The Cities St East Moline, IL 61244
This exceptional 4.21-acre commercial property in East Moline, Illinois, presents a unique investment opportunity. Located on Avenue of the Cities, between East Moline and Silvis, this C-2 zoned lot boasts excellent visibility and convenient access to major thoroughfares, including John Deere Road and interstate highways. The property includes a two-building structure: a house currently rented month-to-month for $1,100 (tenant responsible for utilities) and a detached garage. The existing house utilizes a well and septic system, while city water and sewer are available for future development. This location benefits from its proximity to a thriving shopping and restaurant district, and the prestigious TPC Deere Run Golf Course. The property is situated within TIF District 11 (2016-2040), offering potential tax incentives. High visibility makes this ideal for a variety of commercial ventures. Detailed survey and additional information are available upon request. The asking price is $314,900. The address is 1402 Avenue of the Cities, East Moline, IL 61244. All information should be independently verified.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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