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33811224
33811225

425 18TH ST, MOLINE, IL 61265-1371

YM
IL IL 475.205207, MI MI 6501455825 (+1)
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$970,000
2 days on market
Updated 1 day ago

18th & 18th Mixed Use Portfolio

Details
APN 0832221005
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building
Square Footage 16,500
Net Rentable (SqFt) 16,500
Units 14
Cap Rate 10.01%
NOI $97,062
Occupancy 100%
Tenancy Multi
Lease Type Gross
Remaining Term 1
Price per SqFt $59
Class B
Year Built 1905
Buildings 4
Acreage 0.490
Investment Type Stabilized
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition N/A

100% Leased | 14-Unit Mixed-Use Portfolio with 10.01% Cap Rate

Marketing description

Marcus & Millichap is pleased to present the 18th & 18th Mixed-Use Portfolio, a fully occupied, three-property offering located in Moline, IL. The portfolio includes six residential units and eight commercial spaces across 706 18th Ave, 702 18th Ave, and 425 18th St, positioned along key corridors with convenient access to local amenities. The properties feature a mix of residential apartments and street-level commercial storefronts. According to ownership, recent improvements include updates to roofing, mechanical systems, and interior finishes.

Residential units offer a variety of layouts, with select apartments featuring in-unit laundry and central heating and cooling. Commercial units are currently leased, and the properties have experienced historically low vacancy. Parking options include on-site and nearby street parking, enhancing accessibility for both residents and commercial tenants. Based on current occupancy and ongoing operations, this portfolio may appeal to investors seeking stabilized, mixed-use assets in an established Moline location.

Moline is part of the Quad Cities metropolitan area, a regional economic hub with a population exceeding 400,000. The area supports a diverse economy led by manufacturing, logistics, healthcare, and education. Major employers such as John Deere, Genesis Health System, and UnityPoint Health contribute to local employment stability. Strategically located along the Mississippi River, the Quad Cities benefit from strong transportation infrastructure, including interstate highways, air travel, and rail access. These fundamentals support long-term demand for both residential and commercial space throughout the region.

Investment highlights

  • The Portfolio Features Eight Commercial Storefronts and Six Residential Units Across Three Properties, Offering Balanced Exposure to both Residential and Retail Rental Demand
  • Ownership has Completed Updates to Roofing, Mechanical Systems, and Interiors, Reducing Near-Term Maintenance Exposure and Enhancing Tenant Satisfaction
  • Strategically Positioned along Key Corridors in Moline, the Properties Benefit from Strong Local Infrastructure and Proximity to Major Employers like John Deere and UnityPoint Health

Listing Contacts

YM
IL IL 475.205207, MI MI 6501455825 (+1)
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,062.00
$8,088.50/mo

Valuation Metrics

0
DSCR
10.01%
Cap Rate
10.01%
ROI

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Brokerage
Marcus & Millichap
Brokerage Phone
(312) 624-7074
Title
Broker of Record
Brokerage Address
One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181
Name
Yianni Mouflouzelis
License
IL 475.205207
Brokerage
Marcus & Millichap
Brokerage Phone
(312) 327-5400
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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