1601-1605 5th Ave

Moline, IL 61265

$999,000
Price
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Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
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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...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 leases on all units, 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.
  1. Listed by Shawn Stuenkel • Hawkeye Commercial Real Estate
    P: (309)-368-3419 C: (309)-368-3419 sstuenkel@thehawkeyegroup.com
  2. Listed by Max Gellerman • Hawkeye Commercial Real Estate
    P: (563)-676-2806 C: (563)-676-2806 mgellerman@thehawkeyegroup.com

Property Details for 1601-1605 5th Avenue

Area
Moline
Township
Moline
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 04/25/2026 02:12 PM

Property Details for 1601-1605 5th Avenue

StatusActive
MLS #12614551
Days on Market67
Taxes$5,406 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1913
Lot Size0.09 AC / 3,900 SF
CountyRock Island County
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Location

Listing Courtesy of Hawkeye Commercial Real Estate
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Building Information for 1601-1605 5th Avenue

Stories3Residences8Year Built1913Lot Size0.09 AC / 3,900 SF

Payment Calculator

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$5,429 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,978

Property Taxes

$451

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1601-1605 5th Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Out of Area
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Single Phase
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 6
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 0
  • Lot Size Square Feet: 3900.0
  • Stories: 3
  • Roof Type: Membrane
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Roof Structure: Flat
  • Building Area Total: 9897
  • # Of Offices: 0
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
  • Annual PassThrough Cost Sq Ft: $.00
Property and Assessments
  • Possible Use: Commercial, Multi-Family
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 8
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $1,200.00
  • Fuel Expense: $.00
  • Gross Income: $10,000.00
  • Gross Scheduled Income: $120,000.00
  • Insurance Expense: $5,000.00
  • Total Annual Expense Source: Owner Projection
  • Total Monthly Income: 10000
  • Net Operating Income: $84,600.00
  • Operating Expense: $35,400.00
  • Other Expense: $.00
  • Trash Expense: $1,200.00
  • Water Sewer Expense: $2,400.00

Property History for 1601-1605 5th Avenue

DateEvent & SourcePriceAppreciation
Apr 9, 2026

Listed (Active)

MRED #12614551

$999,000—
DateEvent & SourcePrice
04/09/2026

Listed (Active)

MRED #12614551

$999,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1601-1605 5th Avenue

This home is within Moline Usd 40.
Rating
School
Type
Grades
Distance
Logan Elementary School
Public - K to 5
Woodrow Wilson Middle School
Public - 6 to 8
Moline Sr High School
Public - 9 to 12
Temple Christian Academy
Private - PK to 6
Rating
School
Distance
Logan Elementary School
PublicK to 5

Woodrow Wilson Middle School
Public6 to 8

Moline Sr High School
Public9 to 12

Temple Christian Academy
PrivatePK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1601-1605 5th Avenue, Moline, IL 61265

1601-1605 5th Avenue is a mixed use property for sale in Moline, IL 61265. This property was listed for sale on April 9, 2026 by Hawkeye Commercial Real Estate, it's currently listed at $999,000. This listing's school district is Moline Usd 40. Nearby schools include Logan Elementary School, Woodrow Wilson Middle School and Moline Sr High School. 1601-1605 5th Avenue is a 0-bed, 0-bath, mixed use property built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hawkeye Commercial Real Estate

Based on information from one of the following Multiple Listing Services: RMLS Alliance. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by RMLS Alliance is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.