702 18th Ave - Apartments FOR SALE


Moline, IL 61265- Old Towne
$260,000 USD
847-533-0613
702 18th Ave, Moline, IL for Sale
$260,000 USD
Apartments - FOR SALE
1/4
null | 10.08% Cap Rate

702 18th Ave
Moline, IL 61265
Old Towne


HIGHLIGHTS

  • Fully occupied mixed-use asset with diversified residential and retail income
  • Recent roof, apartment, and commercial storefront improvements
  • Visible corner location within the Quad Cities metro area

OVERVIEW

Marcus & Millichap is pleased to present 702 18th Ave, a fully occupied mixed-use corner property located at the intersection of 7th Street and 18th Avenue in Moline, IL. The property includes two residential apartments and two ground-floor commercial storefronts, positioned a few blocks from Lincoln-Irving Elementary School and within walking distance of various retail and dining options. According to ownership, recent improvements include a replaced roof, updated residential units, and renovated commercial spaces. The residential apartments each feature central heating and air conditioning, along with in-unit washers and dryers. The ground-floor commercial storefronts have also undergone recent renovations, offering updated space for commercial tenants. The property has experienced historically strong tenant retention with minimal vacancy periods, and street parking is available for both residents and commercial tenants. Moline is part of the Quad Cities metropolitan area, a regional economic hub with a population exceeding 400,000. The area supports a diverse economy led by manufacturing, logistics, healthcare, and education. Major employers such as John Deere, Genesis Health System, and UnityPoint Health contribute to local employment stability. Strategically located along the Mississippi River, the Quad Cities benefit from strong transportation infrastructure, including interstate highways, air travel, and rail access. These fundamentals support long-term demand for both residential and commercial space throughout the region.

FOR SALE DETAILS

PRICE

$260,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

4

PRICE/UNIT

$65,000

CAP RATE

10.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,238 SF

ZONING

C

APN/PARCEL ID

17-05-134-001

ASK ABOUT THIS PROPERTY

Yianni MouflouzelisMarcus & MillichapMore Info
847-533-0613

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Yianni MouflouzelisMarcus & MillichapMore Info
847-533-0613

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