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33824249
33824248

425 18th Street, Moline, IL 61265

YM
IL IL 475.205207, MI MI 6501455825 (+1)
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$350,000
1 day on market
Updated 1 day ago

The Knox Building

Details
APN 1705260016
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 6,200
Net Rentable (SqFt) 6,200
Units 5
Cap Rate 9.92%
NOI $34,722
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 1
Remaining Term 1
Price per SqFt $56
Year Built 1900
Buildings 2
Stories 2
Acreage 0.270
Investment Type Stabilized
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition N/A

100% Leased | 1 Apartment & 4 Commercial Units

Marketing description

Marcus & Millichap is pleased to present 425 18th St, also known as the Knox Building, a mixed-use property located at the intersection of 5th Avenue and 18th Street in the heart of downtown Moline, IL. The property includes a main mixed-use building with three ground-floor commercial units and a large four-bedroom residential unit spanning the entire second floor. A standalone commercial building is also located within the on-site parking lot. According to ownership, recent improvements include new furnaces and updated gutters.

The property is currently home to two long-term commercial tenants, each with over 20 years of occupancy, demonstrating the stability of the location and the building’s longstanding appeal. Off-street parking is available for both tenants and customers, providing added convenience in a downtown setting. Positioned in a well-trafficked location with visibility from multiple directions, the property offers a blend of residential and commercial space that may appeal to investors seeking a mixed-use asset 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

  • Downtown Moline mixed-use asset with off-street parking

  • Two long-term commercial tenants with 20+ years of occupancy

  • Visible corner location with multiple commercial income streams

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
$34,722.00
$2,893.50/mo

Valuation Metrics

0
DSCR
9.92%
Cap Rate
9.92%
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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