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
Reach out to the broker for more info on lease terms and amenities
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Contacts
Building Details
- For Sale $999,000
- Property Type Other
- Property Size 9,897 SF
- Date Updated May 19, 2026
Getting Around
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Walk Score ®
Very Walkable (82) -
Transit Score ®
Some Transit (46) -
Bike Score ®
Bikeable (67)
Location
- City Moline, IL
- Zip Code 61265
Points of Interest
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 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
Enrights Car Wash
9.55 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
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 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
1601-1605 5th Ave Listing Summary
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What is the asking price at 1601-1605 5th Ave?
1601-1605 5th Ave is currently listed for sale at Contact for pricing.
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What is the total size of 1601-1605 5th Ave?
1601-1605 5th Ave has a total of 9,897 square feet.
