Property profile

4913 River Dr Moline, IL 61265

OFF-MARKET
Commercial real estate
Property ID
US28-1727497
17.65 ac lot Built 2020
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Property summary

AI-generated overview

This exceptional turnkey marina opportunity is situated on a prime 17.65-acre parcel along the Mississippi River in Moline, Illinois. The property boasts 104 boat slips, 67 of which are covered and equipped with electrical and plumbing hookups. A significant portion of the marina (approximately 75%) maintained occupancy in 2023, demonstrating strong potential for revenue generation. On-site amenities include a small maintenance building complete with three restrooms and showers. A fuel dock, featuring a 2,000-gallon tank (currently decommissioned), is also available for potential reactivation. The property benefits from a public boat ramp located conveniently nearby, enhancing accessibility and attracting additional boaters. The marina is ideally positioned adjacent to a newly constructed (2020) restaurant, offering synergistic potential. This remarkable offering includes a long-term, assumable ground lease with the City of Moline at a low lease rate, providing financial stability and security for the future. The sale price is $1,250,000.

Property profile

Verified
Property type Commercial real estate
Year built 2020
Lot 17.65 ac (768,834 SF)
UPID US28-1727497

Cap rate & NOI

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

Location

4913 River Dr Moline, IL 61265
Moline metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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