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    OFF-MARKET
    Retail properties & Spaces

    1211 16Th Ave, Moline, IL 61265

    Built 1900
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a charming 2-unit duplex located at 1211 & 1213 16TH Avenue in Moline, Illinois, 61265. Built in 1900, this property offers a blend of historical character and strong rental potential. The building is classified as Commercial, Apartment Building, and Duplex/Triplex/Quadruplex, reflecting its versatility and income-generating capabilities. The asking price is $549,000. Situated on a land parcel, this property combines the benefits of land ownership with established rental income. The property's location in Moline, Rock Island County, Illinois provides access to local amenities and a potentially strong rental market. The property's classification as multifamily and office suggests potential for diverse uses and tenant profiles. This is a rare opportunity to acquire a well-located, income-producing property with significant potential for future growth and appreciation. The property's age suggests the possibility of renovation or modernization opportunities to further enhance its value and rental income. This is an ideal investment for those seeking a hands-on approach to property management or a passive income stream. The property's two units offer a manageable size for investors seeking a balanced portfolio. Further due diligence is recommended to fully assess the property's potential.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1900
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • L & W Bedding Furniture & Home Goods
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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