612 35Th Avenue Pl Moline, IL 61265
- Commercial real estate
- 6,225 SF
- 0.47 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 612 35Th Avenue Pl
- Lot size
- 0.47 lot acres
- Property size
- 6,225 SF
- Property type
- Commercial real estate
Description
This 6,225 square foot commercial building, situated on a 0.47-acre lot at 612 35th Avenue in Moline, Illinois, presents a compelling investment opportunity. Currently leased to Genesis Health Systems under a new five-year lease at a rate of $19.25 per square foot, triple net (NNN), the property boasts a strong first-year net operating income (NOI) of $120,283.65. The building features a well-appointed layout including a reception area (12'8" x 10'8"), a waiting area (13' x 12'), two exam rooms (10'8" x 8'), two counseling rooms (11'9" x 10'8" and 10'10" x 10'8"), and a lab (8' x 6'7"). A fully finished lower level provides additional space, including a meeting area, offering versatility for future tenants or expansion. The property's strategic location in Moline, combined with its existing lease and substantial NOI, makes it an attractive asset for investors seeking stable income and potential for appreciation. The asking price is $900,000. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a desirable market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.5291
- Latitude
- 41.4746
