1601-1605 5th Avenue Moline, IL ^$ 999,000

1601-1605 5th Avenue

^$ 999,000

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Recently Listed

1601-1605 5th Avenue

Moline, IL, 61265

^$ 999,000

Bedrooms-- Baths-- Sq 9,897

Monthly Estimate*

^$ 6,151

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Commercial Property for sale in Moline, IL

for $999,000. This 9,897 square foot building was built in 1913 on a lot size of 0.089532.

Three-story mixed-use investment opportunity located in the heart of downtown Moline. The property offers a balanced income stream with two commercial units, including one 1,500 SF vacancy alongside one stabilized tenant. The second and third floors comprise six fully leased residential units, renovated in 2019-2020, delivering stable, diversified cash flow. Significant capital improvements have been completed, including new furnaces, roof, tuckpointing, windows, and doors-positioning the asset as a well-maintained, low-deferred-maintenance investment. Tenants benefit from basement storage and the convenience of full-service leases on all units, with internet, gas/electric, water, sewer, and garbage included, simplifying management and enhancing tenant retention. Contact listing agents for showings. 24-hour notice required. Currently priced at an 8.5 cap.

Commercial Active

Price

^$ 999,000

Property Type

Commercial

Taxes

^$ 5,406

Style

Lot Size

0.089532

Year Built

1913

Town/City

Moline

County/Region

Rock Island

MLS | Web ID

12614551

Features

General

Cooling Central Air

Roof Membrane

Zoning COMMR

Year Built 1913

Electric Single Phase

Stories Count 3

Township Moline

Property Subtype Mixed Use

Tax Year 2024

Gross Income 10000

County Rock Island

Net Operating Income 84600

Operating Expense 35400

Insurance Expense 5000

Property Type Commercial Sale Mixed Use

Possible Use Commercial Multi-Family

Status New

Directions Take 7th Ave turn left onto 16th St and proceed to 5th Ave

City Moline

Number Of Units Total 8

MLS Area Moline

Lot Size Square Feet 3900

Tax Annual Amount 5406.24

Electric Expense 1200

Fuel Expense 0

Trash Expense 1200

Water Sewer Expense 2400

Additional Parcels Y/N N

Standard Status Active

Cap Rate 8.5

Exterior

Building Area Total 9897

Lot Dimensions 0

Frontage Type City Street

* Excluded Features

List By

Hawkeye Commercial Real Estate

Broker

sstuenkel@thehawkeyegroup.com

Affordability Calculator

$6,602

Per Month

Monthly Principal & Interest: $6,151
Monthly Property Taxes: $451
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Moline, IL

Average List Price ^$615,909

Percent of Sale Price 38%

About Moline, IL

43,489 Population

0% Since 2002

^$50,994 Median Income

40.01 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/9/2026	$999,000		Listed Price

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1601-1605 5th Avenue, Moline, IL, 61265 is a Commercial Property for sale at $999,000 with 9,897 sqft and a lot size of 0.089532. 1601-1605 5th Avenue was built in 1913. The property's zip code is 61265 which is in Moline, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/11/2026.

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1601-1605 5th Avenue

Commercial Property for sale in Moline, IL

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