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33824077
33824076

702 18TH AVE, MOLINE, IL 61265

YM
IL IL 475.205207, MI MI 6501455825 (+1)
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$260,000
1 day on market
Updated 1 day ago

702 18th Ave

Details
APN 17-05-134-001
Property Type Mixed Use
Square Footage 4,190
Units 4
Cap Rate 10.08%
NOI $26,217
Occupancy 100%
Lease Type Gross
Lease Term 1
Price per SqFt $62
Buildings 1
Stories 2
Acreage 0.050
Investment Type Stabilized
Ground Lease No
Sale Condition N/A

100% Leased | 2 Apartment and 2 Commercial Units

Marketing description

Marcus & Millichap is pleased to present 702 18th Ave, a fully occupied mixed-use corner property located at the intersection of 7th Street and 18th Avenue in Moline, IL. The property includes two residential apartments and two ground-floor commercial storefronts, positioned a few blocks from Lincoln-Irving Elementary School and within walking distance of various retail and dining options. Per ownership, recent improvements include a replaced roof, updated residential units, and renovated commercial spaces.

The residential apartments each feature central heating and air conditioning, along with in-unit washers and dryers. The ground-floor commercial storefronts have also undergone recent renovations, offering updated space for commercial tenants. The property has experienced historically strong tenant retention with minimal vacancy periods, and street parking is available for both residents and commercial tenants.

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

  • Fully Occupied Mixed-Use Asset with Diversified Income Streams – The property includes two residential apartments and two ground-floor commercial storefronts, providing investors with income diversification across both residential and commercial tenancy.

  • Recent Capital Improvements & Updated Unit Interiors – Per ownership, recent improvements include a replaced roof, updated residential apartments with central heating and air conditioning, in-unit washers and dryers, and renovated commercial storefronts.

  • Strong Corner Location in the Quad Cities Market – Positioned at the intersection of 7th Street and 18th Avenue in Moline, the property benefits from visibility, walkability to nearby retail and dining, and access to the broader Quad Cities economy anchored by manufacturing, healthcare, logistics, and education.

Listing Contacts

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

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$26,217.00
$2,184.75/mo

Valuation Metrics

0
DSCR
10.08%
Cap Rate
10.08%
ROI

Map

Zoning

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NC CommercialNeighborhood CommercialNeighborhood Center District
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Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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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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