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702 18th Ave
Moline, IL 61265
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Fully occupied mixed-use asset with diversified residential and retail income
- Visible corner location within the Quad Cities metro area
- Recent roof, apartment, and commercial storefront improvements
Executive Summary
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. According to 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.
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.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
Property Taxes
| Parcel Number | 17-05-134-001 | Improvements Assessment | $39,128 |
| Land Assessment | $3,129 | Total Assessment | $42,257 |
Property Taxes
Parcel Number
17-05-134-001
Land Assessment
$3,129
Improvements Assessment
$39,128
Total Assessment
$42,257
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