What is the asking price for 1601-1605 5th Ave?

The lease rate for space here is Contact for pricing.

What is the total size of 1601-1605 5th Ave?

The property has a total square footage of 9,897 SF.

How many parking spaces are available at 1601-1605 5th Ave?

Parking information for the property isn't currently listed. However, other nearby parking options include University Drive West Lot, located 1.12 miles away , and University Drive East Lot, which is 1.25 miles away.

1601-1605 5th Ave, Moline, IL 61265

For Sale $999,000
Property Type Other
Property Size 9,897 SF
Date Updated May 18, 2026

Description

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