1729 5Th Avenue Pl Moline, IL 61265

Property Details for 1729 5Th Avenue Pl

Year built

1905

Lot size

0.27 lot acres

Property size

7,614 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents the renowned Knox Building, a fully rented mixed-use property situated at the prime intersection of 5th Avenue and 18th Street in the heart of downtown Moline, Illinois. Spanning 7,614 square feet on a 0.27-acre lot, this historic building boasts a captivating blend of classic charm and modern updates. The property comprises three commercial spaces on the ground floor, currently occupied by tenants, two of whom have enjoyed long-term leases exceeding 20 years, providing exceptional rental income stability. Adding to the income stream is a separate, standalone commercial unit. Upstairs, a spacious four-bedroom loft apartment occupies the entire second floor, further diversifying the revenue potential. Recent renovations have enhanced both the aesthetic appeal and functionality of the building, incorporating modern amenities while preserving its historical significance. The building benefits from newer furnaces and gutters, and offers convenient off-street parking for tenants and customers. Its prominent location on a city historic tour route ensures high visibility and accessibility, making it an attractive proposition for a variety of retail and residential tenants. With a projected annual income exceeding $67,000, this property offers a compelling combination of historical significance, strong cash flow, and a secure investment opportunity.

Location Insight

City

Moline

County

Rock Island

State

Illinois

Longitude

-90.5133

Latitude

41.5074