SQUARE FEET14,400
MLS#12795348
STATUSNew
PROPERTY TYPECommercial - Office
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!
Property Features
Property Type: Commercial - Office
Cooling: Central Air
Lot Size: 0.18 Acres
Stories: 2.0
Taxes: $10,772
Year Built: 1910
Feature Descriptions
Exterior: Brick
Flooring: Concrete, Wood
HVAC: Forced Air, Gas
Lot Dimensions: 94x68x25x2x119x78
Parcel#: 0832407001
Potential Use: Other, Office
Units: 4
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agency Phone: 833-835-5566
Shown By
Agent Name: Christi Steines
Agent Phone: (815) 509-9585
Agency Title: Dickerson & Nieman Realtors
Christi Steines
Cell: (815) 509-9585
Email Me
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1600 5th Avenue | MLS# 12795348
This commercial property located at 1600 5th Avenue , Moline, IL 61265 is currently listed for sale with an asking price of $1,300,000. Search Moline real estate on christisteines.dickersonnieman.com today.