1601-1605 5th Ave
1601-1605 5th Ave, Moline, IL 61265
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 gross leases, 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 rate
Key features
- Address: 1601-1605 5th Ave
- Annual Taxes: $5,406.24 / 2024
- City: Moline
- County: Rock Island
- Listing Office: Hawkeye Commercial Real Estate
- MLS#: 12614551
- Sale Price: $999,000
- Total Building SF: 9,897
- Type: Mixed use
- Zip: 61265
- Zoning: SX-1
Building Details
- For Sale $999,000
- Property Type Other
- Property Size 9,897 SF
- Additional Rent Price on request
- Date Updated Sep 28, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
- City Moline, IL
- Neighborhood Floreciente
- Zip Code 61265
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Walk score 82/100 Very Walkable -
Transit score 46/100 Some Transit -
Bike score 67/100 Bikeable
Points of Interest
Gas Land
0.97 miles
BP
1.22 miles
Jewel Express
1.44 miles
76
1.46 miles
Shell
1.57 miles
Moline Food Gas and Liquor
1.70 miles
Hy-Vee Gas
2.55 miles
Phillips 66
2.88 miles
University Drive West Lot
1.12 miles
University Drive East Lot
1.25 miles
34th Street Lot
1.38 miles
Lot C
1.68 miles
Lot D
1.68 miles
Lot B
1.70 miles
Lot A1
1.75 miles
Lot E
1.76 miles
Lot O
1.78 miles
Lot N-1
1.78 miles
Power Wash
2.85 miles
Enrights Car Wash
9.55 miles
Funky Desi
0.13 miles
Jimmy John's
0.15 miles
Johnny's Italian Steakhouse
0.20 miles
TGI Friday's
0.24 miles
Maid Rite
1.09 miles
La Rancherita 2
1.19 miles
Hardee's
1.21 miles
Fields of Pizza
1.35 miles
Papa John's
1.43 miles
Village Inn
1.54 miles
Jewel-Osco
1.48 miles
City Line Plaza
1.49 miles
ALDI
2.02 miles
Hy-Vee
2.41 miles
Shoppes at Southpark
2.57 miles
Ross
2.58 miles
Target
2.66 miles
Kohl's
2.70 miles
Dillard's Clearance Center
2.71 miles
Kmart
2.81 miles
Moline Police Department
0.13 miles
Moline Fire Dept
0.23 miles
Trinity Medical Center
1.51 miles
Walgreens
2.13 miles
CVS Pharmacy
2.17 miles
Rock Island Fire Station 3
2.33 miles
Hy-Vee Pharmacy
2.39 miles
UnityPoint Health - Trinity
3.29 miles
Central Fire Station
3.40 miles
Rock Island County Jail and Sheriff's Department
3.42 miles
Listing Summary
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Property Financials 1601-1605 5th Ave is currently listed for sale at $999,000 for a price per square foot of $100.94.
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Property Details 1601-1605 5th Ave totals 9,897 square feet of Mixed Use space.
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Area Characteristics 1601-1605 5th Ave is located in the Floreciente neighborhood.
In terms of ease of commuting, the area has a walk score of 82, indicating that it is very walkable.
