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Listed by Tedd Learof eXp Realty
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Est. payment /mo
14,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 14,400 sqft
MLS Listing ID 12795348
Year Built 1910
Annual Tax Amount $10,772
Tax Year 2025
Lot Size 7,840 Sqft
Lot Dimensions 94x68x25x2x119x78
Property Sub-Type Mixed Use
Property Description
INVESTOR SPECIAL IN THE HEART OF DOWNTOWN MOLINE! Incredible investment opportunity in a prominent corner location at the intersection of 16th Street and 5th Avenue. This expansive mixed-use property offers exceptional income-producing potential with substantial improvements already completed. The second floor features 4 apartments, plus additional space with the potential to create 1-2 more units! These apartments also present an exciting opportunity for short-term rentals such as Airbnb, subject to local regulations. The main floor is currently home to Le Mekong Restaurant (business not included in sale) and offers two separate entrances and addresses, allowing for potential division into two commercial spaces. An additional space on the south side is currently utilized as an office, complete with its own entrance and address, offering yet another potential income-producing opportunity! Featuring two functional kitchens, flexible office space, and off-street parking, this property offers endless possibilities for investors, entrepreneurs, or those seeking a unique LIVE/WORK environment. Conveniently located near downtown restaurants, entertainment, hotels, and popular wedding and event venues, this property is positioned to capitalize on downtown activity. Whether you're looking to establish multiple rental income streams, expand your investment portfolio, or create a dynamic mixed-use property, the possibilities are exciting! Schedule your private showing today and discover the potential!
Location
State IL
County Rock Island
Zoning COMMR
Interior
Cooling Central Air
Flooring Concrete, Wood
Fireplace N
Exterior
View Y/N true
Building
Water Municipal Water
Structure Type Brick
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Joanna Lewkowicz
Designated Managing Broker | Owner Illinois: 471.018027Indiana: RB18001061Florida: BK3514240
+1(708) 963-0011 | joanna@boutiquehomerealty.com