415 15Th Street Pl Moline, IL 61265
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 415 15Th Street Pl
- Year built
- 1891
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional mixed-use property, located at 415 15th Street in downtown Moline, Illinois, presents a unique investment opportunity. The main building, constructed in 1891, and an adjacent structure built in 1901, boast approximately 7,176 square feet of space above grade. A complete renovation in 2003-2004 transformed the property, creating a vibrant commercial space on the first floor currently configured as a restaurant, a partial mezzanine, and two residential apartments. The apartments consist of a one-bedroom unit and a recently updated two-bedroom unit. The property also includes a full basement. The building benefits from its prime downtown location, with convenient access to a large public parking lot and a parking ramp directly across the street. The property features a newer TPO roof. Currently, the property is available for lease at a modified gross rent of $5,000 per month. The asking price for the property is $569,000. The seller is facilitating a 1031 exchange, with cooperation from the buyer expected at no additional cost. This is an excellent opportunity to acquire a historically significant, well-maintained, and strategically located mixed-use property in the heart of Moline. The property is zoned for commercial, multifamily, and retail uses. The property consists of one building with two units.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.5168
- Latitude
- 41.5065
