1601 5th Ave, Moline, IL 61265 For Sale

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 gross leases, 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 rate