4402 16Th St Moline, IL 61265
- Commercial real estate
- 14,550 SF
- 1.74 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4402 16Th St
- Year built
- 2009
- Construction
- FRAME
- Lot size
- 1.74 lot acres
- Property size
- 14,550 SF
- Zone code
- MOL
- Property type
- Commercial real estate
- APN
- 17-16-108-001
- APU
- 1716108001
Description
This exceptional retail space, located at 4402 16th Street in Moline, Illinois, presents a unique sublease opportunity. Currently occupied by QDOBA Mexican Grill, this 2,240 square foot endcap unit is situated within the Shoppes at SouthPark, offering excellent visibility and foot traffic. The property boasts a desirable location within walking distance of SouthPark Mall, ensuring high exposure to potential customers. The space includes an inviting open dining area, a fully equipped open kitchen featuring a hood system, a walk-in cooler, commercial dishwasher, and ample sinks. Additional amenities include two bathrooms, a small office, and a convenient storage area. A 600 square foot patio further enhances the property's appeal. The building sits on a 75,794 square foot lot and is part of a larger 14,507 square foot building. The property benefits from its strategic location on John Deere Road, a high-traffic thoroughfare with a daily vehicle count of 35,500. This vibrant retail corridor offers a diverse range of dining and retail options, creating a strong and supportive commercial environment. The lease terms are $25.00 per square foot, NNN, through June 30, 2025, and $27.50 per square foot, NNN, from July 1, 2025, through June 30, 2030. The property is zoned C and is located in Rock Island County, zip code 61265. A total of 2,420 square feet is currently available for sublease. This is a single-tenant, single-story building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,605,000
- 6.5%
- $5,985,000
- 7%
- $5,350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,665,000
- Geo Method
- $5,340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,320,000
- Retail
- $4,895,000
- Mixed-Use
- $5,460,000
- Hospitality
- $4,640,000
- Educational
- $6,020,000
- Residential Income
- $5,555,000
- Energy
- $4,620,000
- Income-Based Land
- $5,405,000
- Food Service
- $4,845,000
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.5054
- Latitude
- 41.4703
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
