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33307322
33307321

1445-1447 18th Ave, East Moline, IL 61244

DS
IL 471.004410, IA B42504000
The Hawkeye Group
Listed by The Hawkeye Group
$160,000
1 day on market
Updated 1 day ago

1445-1447 18th Ave

Details
APN 0930318031
Property Type Mixed Use, Retail (+1)
Sub Type Apts/Ofc/Store, Apts/Stores (+1)
Square Footage 3,132
Units 2
NOI $4,421
Occupancy 50%
Tenancy Multi
Price per SqFt $51
Class C
Year Built 1920
Buildings 1
Stories 1
Lot Size (SqFt) 5,549
Zoning B-2
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner

Mixed Use | 3,132 SqFt

Marketing description

Prime Mixed-Use Opportunity on a Commercial Hard Corner! Owner / Users - Here is a versatile 3,132 SQ FT mixed-use property along High traffic State Rt. 92 (18th Avenue) at 15th Street. Featuring a spacious 2,100 SQ FT setup with large display area for your local brand visibility. Attached Service Garage included + below grade storage. Ideal for independent contractor or retail service provider. Currently use is Upholstery repair for automotive and commercial clients. Built-In Income Stream: 1,032 SqFt - 2 bedroom apartment brings $10,800 month to month annual income to balance those annual expenses. The retail space is currently occupied by a family member who will soon vacate. That Rental rate at $350 is far below market. Don't miss out on this unique opportunity in the heart of East Moline.

Investment highlights

  • Prime Mixed-Use Opportunity on a Commercial Hard Corner
  • 3,132 SQ FT mixed-use property along High traffic State Rt. 92 (18th Avenue)
  • Spacious 2,100 SQ FT retail setup with large display area
  • Attached Service Garage included + below grade storage
  • 1,032 SqFt - 2 bedroom apartment brings $10,800 annual income
  • Heavy Floor Load
  • Multi-Tenant
  • Overhead Door/s
  • Private Restroom/s
  • Storage Inside
  • Basement
  • Laundry Room

Listing Contacts

DS
IL 471.004410, IA B42504000
The Hawkeye Group
Listed by The Hawkeye Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$4,421.00
$368.42/mo

Valuation Metrics

0
DSCR
2.76%
Cap Rate
2.76%
ROI

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Additional Information

Name
David Sountris
License
471.004410
Brokerage Phone
563-344-4295
Brokerage Address
1850 East 54th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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