415 15Th Street Pl Moline, IL 61265
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 415 15Th Street Pl
- Year built
- 1891
- Property type
- Retail properties & Spaces
- 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 Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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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
- -90.5168
- Latitude
- 41.5065
