Listed by NAI Ruhl Commercial Company
$249,900
1409 5TH Avenue
Details
APN 08-32-406-004
Property Type Multifamily, Retail
Sub Type Apartment Building, Restaurant
Square Footage 24,000
Buildings 1
Acreage 0.130
Zoning SX-2
Downtown Moline Gem! 4-Story w/ Chimes Taco Bar, Banquet Space & Redevelopment Potential—Prime Locat
Marketing description
Rare mixed-use opportunity in the heart of Downtown Moline! This four-story, ±24,000 SF brick building features a fully equipped, turn-key restaurant on the ground floor with prominent storefront visibility. The second floor offers a beautifully finished banquet or event space, ideal for receptions, weddings, or creative reuse. The third and fourth floors are wide open and ready for redevelopment—conceptual layouts support up to six apartments per floor, boutique offices, or hospitality suites. Each level spans approximately 6,000 SF (40’ x 150’), and the property also includes a full basement for storage or future build-out. Situated just steps from the Vibrant Arena at The MARK and surrounded by restaurants, shops, and hotels, this location benefits from heavy foot traffic and easy access to I-74. Public parking is available in front of the building and in the lot directly behind. A standout opportunity for an owner-user, operator, or developer to establish a flagship presence in a thriving downtown corridor. Situated within TIF District 13 (designated in 2016 and running through 2039), the property offers meaningful potential for leveraging tax increment financing to support redevelopment.
Listing Contacts
Listed by NAI Ruhl Commercial Company
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