608 35th Ave - Medical FOR SALE


Moline, IL 61265- Prospect Park
$300,000 USD
563-723-2143
608 35th Ave, Moline, IL for Sale
$300,000 USD
Medical - FOR SALE
1/30
null | 7.73% Cap Rate

Apr '26


608 35th Ave
Moline, IL 61265
Prospect Park


OVERVIEW

CASH-FLOWING MULTI-SUITE COMMERCIAL PROPERTY 608 35th Avenue | Moline, IL 61265 8,400 SF | $300,000 | Immediate Income This Building Pays For Itself — On Day One. An existing tenant generates $2,070/month, covering 112% of the current mortgage with two years remaining on the lease. You're not buying potential. You're buying a performing asset in one of Moline's most strategic locations — medical/office/retail ready, already occupied, already working. The Numbers: $2,070/month existing rental income — 112% mortgage coverage 2-year lease remaining — secured, predictable runway 8,400 SF total — vast majority available to lease at market rate 35 parking spaces Asking $300,000 (orig $450,000) Medical/Office/Retail Ready — Bring Your Vision: This building is zoned, configured, and infrastructure-supported for medical, professional office, or retail use. Multiple private rooms, dedicated corridors, reception area with pass-through window, ADA-compliant restrooms, passenger elevator, and partial 2024 renovation already completed. The bones are exceptional — finish it to your exact specifications at a price that leaves room in the budget to do it right. Ideal for: IV therapy, aesthetics, or integrative health practices Professional office suites Boutique retail or wellness brands Multi-tenant investment buildout The Location: Adjacent to Wildwood Corporate Park Borders a high-income residential neighborhood 129,151 population within 5 miles 22,100 vehicles per day on John Deere Road corridor Under 0.25 miles from major retail — Target, Kohl's, Starbucks and more 5 minutes to two interstates Near UnityPoint Health and multiple medical offices Who This Is For: Investors seeking immediate cash flow with significant lease-up upside Medical or wellness operators who want a ready-to-configure clinical space without starting from scratch Owner-operators looking to occupy one suite and lease the other Buyers who want to finish a partially renovated building their way — at a price that makes it pencil Asking Price: $300,000 Contact for showing and full financials.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$36 USD /SF

CAP RATE

7.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C

APN/PARCEL ID

17-07-418-006

ASK ABOUT THIS PROPERTY

Katy MillerLillie & PineMore Info
563-723-2143

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Katy MillerLillie & PineMore Info
563-723-2143

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.