Property profile

1610 15th St Pl Moline, IL 61265

OFF-MARKET
Commercial real estate
Property ID
US28-2389563
2,932 SF Built 1965
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 1,062 square foot commercial property, zoned for commercial use and identified by APN 17052390, presents a unique investment opportunity. The single-tenant building offers a versatile space ideal for retail or restaurant use. The landlord is providing a vanilla shell finish on the interior, including spacious ceilings, lighting, demising walls, HVAC, and bathrooms. Tenant improvement (TI) allowances are negotiable with potential payback. A significant benefit is the possibility of city funding available to the tenant. Further enhancing the property's appeal, the landlord will be removing the east portion of the building to facilitate the installation of double-unit windows as part of the TI. The property boasts a highly desirable location on 16th Avenue East, providing easy access to the interstate. While eastbound traffic on 16th Avenue is one-way, the property benefits from its strategic position at a main intersection leading into the uptown area, generating high traffic flow on all sides. This prime location ensures excellent visibility and accessibility for any business. The property is ready for immediate occupancy and customization to suit a variety of commercial needs.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1965
Construction FRAME
Total area 2,932 SF
Zoning code MOL
APN 17-05-239-015
UPID US28-2389563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1610 15th St Pl Moline, IL 61265-3959
Moline metro Census 21700 DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$75k

Owner & transaction history

since 2026
Last sale
$60,000
7 recorded transactions
2026
$60,000
2024
Price N/A
2022
$35,000
2022
Price N/A
2022
Price N/A
2013
$136,000
1969
Price N/A

Zoning & alternative use

MOL · Moline, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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