Technical
Financial
Distress signals
Property profile

504 17Th St Moline, IL 61265

FOR SALE
Commercial real estate
Property ID
US28-2012353
Built 1903
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 18,000-square-foot vacant commercial space is located in the historic Carnegie Library building in the heart of Downtown Moline, Illinois. The property, situated at 504 17th Street, zip code 61265, offers a unique opportunity for a restaurant, bar, or storefront business. The building is a Class B, three-story structure with a total of 18,000 square feet of net rentable space. Currently vacant, this property presents a blank canvas for a new tenant to establish their presence in a highly visible and desirable location. The lease is a NNN (Net, Net, Net) type, with a 5-year term available. The landlord is open to subdividing the space to accommodate various business needs and concepts. This prime location within the impressive Carnegie Library building offers high visibility and significant foot traffic, making it an ideal spot for a thriving business. The property is situated in Rock Island County and boasts a prominent address in the vibrant downtown area. Interested parties should be prepared to provide credit information as part of the lease application process. This is a rare opportunity to secure a substantial space in a landmark building. Contact us today to learn more about this exciting opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1903
Zoning code MOL
APN 08-32-404-001
UPID US28-2012353

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Department Store

Location

504 17Th St Moline, IL 61265
Moline metro Census 22300 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2011
3 recorded transactions
2011
Price N/A
1969
Price N/A
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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