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.
Property Details
Price:
$999,000
MLS #:
MRD12614551
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
moline
Listed Date:
Apr 9, 2026
Total Sq Ft:
9,897
Year Built:
1913
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Roof
Membrane
Stories
3
Financial
Tax Year
2024
Taxes
$5,406
Map
Community
- Address1601-1605 5th Avenue Moline IL
- CityMoline
- CountyRock Island
- Zip Code61265
Market Summary
Current real estate data for Commercial in Moline as of Jun 11, 2026
139
Commercial Listed
585
Avg DOM
$308,712
Avg List Price
Property Summary
- 1601-1605 5th Avenue Moline IL is a Commercial for sale in Moline, IL, 61265. It is listed for $999,000
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Copyright 2026. All rights reserved.
1601-1605 5th Avenue
Moline, IL


