1211 16Th Ave Moline, IL 61265
- Retail properties
Current Use by Public Records
- L & W Bedding / Mattress Store / Bedding Store
Property Details for 1211 16Th Ave
- Year built
- 1900
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.5194
- Latitude
- 41.497
