1729 5Th Avenue Pl Moline, IL 61265-1371
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 1729 5Th Avenue Pl
- Year built
- 1905
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional investment opportunity presents the chance to acquire the renowned Knox Building, a meticulously maintained mixed-use property situated at the prime intersection of 5th Avenue and 18th Street in the heart of downtown Moline, Illinois. Built in 1905, this landmark building boasts a rich history and has recently undergone renovations, seamlessly blending historic charm with modern amenities. The property comprises two buildings: a main building featuring three ground-floor commercial spaces currently leased to long-term tenants (two of whom have occupied the space for over 20 years), and a four-bedroom loft apartment occupying the entire second floor. A separate, standalone commercial space is also included. The property offers off-street parking for tenants and customers, adding to its appeal. Recent upgrades include newer furnaces and gutters. The building's location on a historic tour route ensures high visibility and foot traffic, making it an ideal location for both retail and residential tenants. The projected annual income exceeds $67,000, providing a strong cash flow and a solid return on investment. This is a rare opportunity to own a piece of Moline's history while enjoying a stable and profitable investment. The asking price is $389,900. The property is zoned for commercial and multifamily use, and includes one residential unit.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.4974
- Latitude
- 41.4902
