Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
MOL · Moline, ILZoning
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Zoning designation
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