5300 River Dr Moline, IL 61265
- Industrial properties
- 6,928 SF
Current Use by Public Records
- Gazebo / Park
- Llantera garcia / Mechanic
- Playground / Playground
Property Details for 5300 River Dr
- Year built
- 1974
- Property size
- 6,928 SF
- Zone code
- MOL
- Property type
- Industrial properties
- APN
- 08-26-301-003
- APU
- 826301003
Description
This exceptional commercial land parcel presents a unique investment opportunity in Moline, Illinois. Situated between Old River Drive and River Drive, this property boasts approximately one acre of land (more or less) offering stunning riverfront views. Its prime location provides excellent visibility and accessibility, making it ideal for a variety of commercial developments. The property's proximity to a nearby park adds to its appeal and potential for attracting customers and employees. The land is zoned for commercial use (verification required by buyer). This is a rare chance to acquire a sizable riverfront lot in a thriving Illinois community. The site's size and location offer significant potential for a range of commercial ventures, from retail establishments to restaurants, or even light industrial uses. Detailed site surveys and environmental assessments are recommended prior to any development plans. The property's address is 5300 River Dr, Moline, IL 61265, within Rock Island County. The lot size is estimated to be between 0.9 and 1.5 acres. Further due diligence is advised to confirm all aspects of the property's suitability for intended use. This is a truly remarkable opportunity to secure a piece of Moline's vibrant riverfront.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $300,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $340,000
- Mixed-Use
- $370,000
- Hospitality
- $360,000
- Educational
- $395,000
- Residential Income
- $315,000
- Energy
- $290,000
- Income-Based Land
- $285,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.4636
- Latitude
- 41.5161
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA