1601-1605 5th Avenue
Three-story mixed-use investment opportunity located in the heart of downtown Moline. The property offers a balanced income stream with two commercial units, including one 1,500 SF vacancy alongside one stabilized tenant. The second and third floors comprise six fully leased residential units, renovated in 2019-2020, delivering stable, diversified cash flow. Significant capital improvements have been completed, including new furnaces, roof, tuckpointing, windows, and doors-positioning the asset as a well-maintained, low-deferred-maintenance investment. Tenants benefit from basement storage and the convenience of full-service leases on all units, with internet, gas/electric, water, sewer, and garbage included, simplifying management and enhancing tenant retention. Contact listing agents for showings. 24-hour notice required. Currently priced at an 8.5 cap.
- Bier Stube 500 ft
- VIP Bar and Grill 500 ft
- Bent River Brewing 650 ft
- Funky Desi 700 ft
- Analog 2 Arcade Bar 750 ft
- Take Cover Tiki Club 800 ft
- Sara Mini Mart 1.2 mi
- 7-Eleven 1.3 mi
- BP Shop 1.4 mi
- Jewel-Osco 1.5 mi
- Butterworth Park 0.2 mi
- Stephen's Square Park 0.2 mi
- Velie Park 0.5 mi
- Kiwanis Park 0.6 mi
- Stephens Park 0.9 mi
- Wharton Park 1.1 mi
- Starbucks 1.4 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12614551