306 Ave Of The Cities, East Moline, IL 61244-4021
- Commercial real estate
- 4,344 SF
Current Use by Public Records
- Commercial real estate
Property Details for 306 Ave Of The Cities
- Year built
- 1977
- Construction
- FRAME
- Zone code
- EM
- Property type
- Commercial real estate
- APN
- 17-02-410-001
- APU
- 1702410001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 24, 2025 | $4,861,500 | Mammoth Silverstar LLC | Marc 1 Holdings LLC | Warranty Deed | $11.7M · Dupaco Community Cu |
| Jul 9, 2024 | $5,876,500 | Marc 1 Holdings LLC | Il1 East Moline LLC | Special Warranty Deed | — |
| Nov 28, 2023 | — | Il1 East Moline LLC | — | Deed · related | $4.5M · First Western Bank & Trust |
| May 15, 2023 | — | Il1 East Moline LLC | — | Deed · related | $500k · First Western Bank & Trust |
| Mar 24, 2023 | $1,000,000 | Il1 East Moline LLC | Galesburg Manufacturing II LLC | Warranty Deed | — |
| Aug 11, 2017 | — | Galesburg Manufacturing II LLC | — | Deed · related | $2.2M · Tompkins State Bank |
| Dec 13, 2012 | $431,500 | Galesburg Manufacturing II LLC | Galesburg Mcnufacturing Co | Warranty Deed · related | — |
| Dec 13, 2012 | — | Galesbug Manufacturing II LLC | — | Deed Of Trust · related | $5.3M · Smith Walter Trust (pt) |
Description
Exceptional investment opportunity: a 4,808 sq ft car wash in East Moline, IL (306 Avenue of the Cities, 61244), situated on a 1.16-acre lot. This property boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $350,000. The property is subject to a new 20-year triple-net (NNN) lease, commencing upon closing, with a corporate guarantee from Mammoth Holdings, LLC, a 130+ unit operator, ensuring consistent cash flow. Annual rent is $350,000, with built-in 1.5% annual increases, providing excellent long-term growth potential. Built in 2024, this fully occupied (100%) asset offers significant tax advantages, qualifying for accelerated and bonus depreciation. This sale-leaseback structure minimizes management responsibilities, making it an ideal addition to any passive income portfolio. The property's prime location in East Moline, Illinois, ensures high visibility and accessibility. This is a rare opportunity to acquire a high-performing, low-maintenance asset with exceptional long-term prospects. The asking price is $5,000,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- East Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.4554
- Latitude
- 41.4889
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
