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    1518 5TH

    Moline, IL 61265
    • $2,150,000
    • STATUS: Active
    • ON SITE: 41 days
    • MLS #: QC4217496
    UPDATED: 50 min ago
    $2,150,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1912
    County:
    Area:

    School Ratings & Info

    Description

    Great investment and development opportunity for the Reliance & Malcom buildings located in the Downtown Moline Commercial Historic District. The connected 5-story and 3-story buildings total 62,610 SF (53,970 SF & 8,640 SF). Extensive renovations have been completed with floors 1-3 new plumbing, electrical, windows, HVAC, and quality interior finishes. The retail tenants on the 1st and 2nd floor are University Club (banquet hall) Cafe Fresh (restaurant) and Debord's (catering). The third floor is renovated office space with three suites. Floors 4-5 are in shell condition with the opportunity to develop 17 apartments. The buildings are located in a TIF district and additional incentives available for the future development of the 4/5 floors. Please call the LA for additional information.

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    © 2021 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or BNRealty | RE/MAX Rising. Data last updated: 2021-01-19T12:45:17.177.
    www.bnrealty.com/homes/112479309
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    1518 5TH Moline, IL 61265

    • Price: $2,150,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: QC4217496
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1912
    Built
    Neighborhood:
    Qcara Area
    County:
    Rock Island
    Area:
    Qcara Area
    Property Description
    Great investment and development opportunity for the Reliance & Malcom buildings located in the Downtown Moline Commercial Historic District. The connected 5-story and 3-story buildings total 62,610 SF (53,970 SF & 8,640 SF). Extensive renovations have been completed with floors 1-3 new plumbing, electrical, windows, HVAC, and quality interior finishes. The retail tenants on the 1st and 2nd floor are University Club (banquet hall) Cafe Fresh (restaurant) and Debord's (catering). The third floor is renovated office space with three suites. Floors 4-5 are in shell condition with the opportunity to develop 17 apartments. The buildings are located in a TIF district and additional incentives available for the future development of the 4/5 floors. Please call the LA for additional information.
    Exterior Features

    Exterior Finish Brick Frontage Access City Street Roof Construction Membrane Wall Construction BrickMasonry

    Interior Features

    Bar 1 Cooling Central Air Flooring Wood Heating Forced AirGas Insulation Unknown

    Property Features

    Annual Taxes 29486 Building Description 5 StoryMulti-Tenant Building Name Reliance Building For Lease No For Sale Yes Location Downtown Net Operating Income 0 Number Of Buildings 2 Owner Pays N/A Ownership Corporation Sale Lease Includes BuildingLandSale/Lease Other Sale Rent For Sale Street Type Avenue Tax Incentive Other Tax IncentiveTIF District Tenant Pays N/A Terms Lease Other Term/Lease Total Num Units 17 Type Commercial/Cie Type1 InvestmentMulti-FamilyOfficeRestaurantRetail Underground Storage Tank No Water Supply Municipal/City Zoning B-2

    Listing provided courtesy of Alex Kelly of Nai Ruhl Commercial Company.
    © 2021 RMLS Alliance, LLC. All Rights Reserved.


    © 2021 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or BNRealty | RE/MAX Rising. Data last updated: 2021-01-19T12:45:17.177.
     
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