Prime investment opportunity in the heart of Downtown Moline. This 45,816 SF mixed-use building offers 27 updated residential units (a mix of 1BR and 2BR) and 3 ground-floor commercial spaces, including long-term anchor tenant Tony's Pizza. With six vacant residential units, there's immediate upside for value-add investors. Originally built in 1915, the property blends historic character with modern updates like central air, elevator access, and solid brick construction. Priced under $55/SF, this asset offers strong potential for cash flow growth in a highly walkable location near employers, transit, and the riverfront.
| MLS # | 12588187 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 88 |
| Listing Provided By | NAI Ruhl Commercial Company | Shawn Langan |
| SQ Feet | 45,816 |
|---|---|
| Story(s) | 4 |
| Units | 27 |
| Acreage | 0.28 |
| Cooling | Central Air |
|---|
| Roof | Membrane |
|---|---|
| Construction Materials | Brick, Frame |
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 97565.84 |
| State | IL |
|---|---|
| County | Rock Island |
| City | Moline |
| Zip Code | 61265 |
| Area | Moline |
| Listing VS Median (in 61265) | |
Price: $2,250,000 low | high Med: $135,000 sqft: 45,816 low | high Med: 1,075 $ / sqft: $49 low | high Med: $126 On site: 88 low | high Med: 56 | |
| State | IL |
|---|---|
| County | Rock Island |
| City | Moline |
| Zip Code | 61265 |
| Area | Moline |
| Listing VS Median (in 61265) | |
Price: $2,250,000 low | high Med: $135,000 sqft: 45,816 low | high Med: 1,075 $ / sqft: $49 low | high Med: $126 On site: 88 low | high Med: 56 | |
![]() | $2,250,0001317 5th AvenueMoline, IL 61265 |