2900 River Dr Moline, IL 61265
- Commercial real estate
- 107,990 SF
- 5.00 lot acres
Current Use by Public Records
- Waterfront Apartments Quad Cities / Apartment Building / Apartment Complex
- StorageToday / Self-Storage Facility
- Señor Julio’s / Restaurant
- Sriracha Thai Bistro and Oyster Bar / Thai Restaurant / Cocktail Bar
Property Details for 2900 River Dr
- Year built
- 2014
- Lot size
- 5.00 lot acres
- Property size
- 107,990 SF
- Zone code
- MOL
- Property type
- Commercial real estate
- APN
- 08-33-202-002
- APU
- 833202002
Description
This exceptional commercial property, located at 2900 RIVER Drive in Moline, Illinois (zip code 61265), presents a unique investment opportunity. The property encompasses a single-tenant building totaling 4,341 square feet, situated on a parcel identified by APN 08-33-202-002. The versatile zoning designation, ORT, allows for a variety of uses, including land, office, restaurant, and retail spaces. The single-building structure contains one suite, making it ideal for a single occupant or a business seeking a self-contained space. This property is perfect for an owner-occupier or an investor seeking a stable, single-tenant income stream. Its prime location in Moline, Illinois offers excellent visibility and accessibility. The property's diverse zoning allows for flexibility in its future use, catering to a wide range of business needs. The 4,341 square feet provides ample space for various commercial operations. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Illinois market. The property's single-tenant occupancy simplifies management and minimizes tenant turnover risks. Serious inquiries are encouraged to explore the potential of this valuable asset. Further details are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $9,095,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $11,040,000
- 6.5%
- $11,985,000
- 7%
- $10,870,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,415,000
- Geo Method
- $9,500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $10,900,000
- Retail
- $9,275,000
- Mixed-Use
- $11,740,000
- Hospitality
- $11,430,000
- Educational
- $9,475,000
- Residential Income
- $9,290,000
- Energy
- $9,165,000
- Income-Based Land
- $12,360,000
- Food Service
- $11,710,000
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.4971
- Latitude
- 41.5134
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
