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1014-1016 15th Ave , East Moline, IL 61244 1014-1016 15th Ave 7,200 SF 100% Leased Retail Building East Moline, IL 61244 For Sale



Investment Highlights
- Mixed-use asset with two commercial storefronts and four residential apartments.
- New roof, HVAC, electrical, plumbing, fire control, and sprinkler systems.
- Comprehensive rehabilitation completed within the last five years.
- Located on 15th Avenue with access to the East Moline commercial corridor.
Executive Summary
This mixed-use investment opportunity consists of two commercial storefronts and four residential apartments, providing a diversified income profile within a single asset. The property has undergone a comprehensive rehabilitation within the last five years, including significant capital improvements to major building systems. Recent updates include a new roof, HVAC systems, electrical infrastructure, plumbing, fire control system, and a building-wide sprinkler system, helping reduce near-term maintenance considerations for future ownership.
The commercial storefronts feature open-concept layouts accented by exposed brick walls, creating flexible environments suitable for a variety of retail, service, office, or creative business uses. The spaces can support continued occupancy in their current configuration or accommodate future tenant customization. All six units are separately metered for utilities, allowing for simplified utility allocation and management.
Positioned along 15th Avenue in East Moline, the property benefits from access to the surrounding commercial corridor and nearby businesses, services, and residential neighborhoods. The combination of updated building systems, mixed-use tenancy potential, and a location within an established commercial area presents an opportunity for investors seeking a property with both commercial and residential components.
The commercial storefronts feature open-concept layouts accented by exposed brick walls, creating flexible environments suitable for a variety of retail, service, office, or creative business uses. The spaces can support continued occupancy in their current configuration or accommodate future tenant customization. All six units are separately metered for utilities, allowing for simplified utility allocation and management.
Positioned along 15th Avenue in East Moline, the property benefits from access to the surrounding commercial corridor and nearby businesses, services, and residential neighborhoods. The combination of updated building systems, mixed-use tenancy potential, and a location within an established commercial area presents an opportunity for investors seeking a property with both commercial and residential components.
Property Facts
Sale Type
Investment
Property Type
Building Size
7,200 SF
Building Class
C
Year Built
1930
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.50
Lot Size
0.11 AC
Frontage
43’ on 15th Avenue
Somewhat walkable
30/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-25-408-004 | Improvements Assessment | $6,326 |
| Land Assessment | $7,399 | Total Assessment | $13,725 |
Property Taxes
Parcel Number
08-25-408-004
Land Assessment
$7,399
Improvements Assessment
$6,326
Total Assessment
$13,725
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1014-1016 15th Ave , East Moline, IL 61244 | 1014-1016 15th Ave
