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Mixed-Use

18th & 18th Mixed-Use Portfolio

702 18th Ave, Moline, IL 61265

Listing Price: $1,085,000

Cap Rate
8.82%
Number of Units
14
Occupancy
95.0%
Price/Unit
$77,500
Price/Gross SF
$57.79
Gross SF
18,776

Investment Overview

Marcus & Millichap is pleased to present the 18th & 18th Mixed-Use Portfolio, a fully occupied, three-property offering located in Moline, IL. The portfolio includes six residential units and eight commercial spaces across 706 18th Ave, 702 18th Ave, and 425 18th St, positioned along key corridors with convenient access to local amenities. The properties feature a mix of residential apartments and street-level commercial storefronts. According to ownership, recent improvements include updates to roofing, mechanical systems, and interior finishes.

Residential units offer a variety of layouts, with select apartments featuring in-unit laundry and central heating and cooling. Commercial units are currently leased, and the properties have experienced historically low vacancy. Parking options include on-site and nearby street parking, enhancing accessibility for both residents and commercial tenants. Based on current occupancy and ongoing operations, this portfolio may appeal to investors seeking stabilized, mixed-use assets in an established Moline location.

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.

Investment Highlights

  • The Portfolio Features Eight Commercial Storefronts and Six Residential Units Across Three Properties, Offering Balanced Exposure to both Residential and Retail Rental Demand
  • Ownership has Completed Updates to Roofing, Mechanical Systems, and Interiors, Reducing Near-Term Maintenance Exposure and Enhancing Tenant Satisfaction
  • Strategically Positioned along Key Corridors in Moline, the Properties Benefit from Strong Local Infrastructure and Proximity to Major Employers like John Deere and UnityPoint Health

Exclusively Listed By

Mixed-Use

18th & 18th Mixed-Use Portfolio

Listing Price: $1,085,000

Cap Rate
8.82%
Number of Units
14
Occupancy
95.0%
Price/Unit
$77,500
Price/Gross SF
$57.79
Gross SF
18,776

Investment Highlights

  • The Portfolio Features Eight Commercial Storefronts and Six Residential Units Across Three Properties, Offering Balanced Exposure to both Residential and Retail Rental Demand
  • Ownership has Completed Updates to Roofing, Mechanical Systems, and Interiors, Reducing Near-Term Maintenance Exposure and Enhancing Tenant Satisfaction
  • Strategically Positioned along Key Corridors in Moline, the Properties Benefit from Strong Local Infrastructure and Proximity to Major Employers like John Deere and UnityPoint Health

Investment Overview

Marcus & Millichap is pleased to present the 18th & 18th Mixed-Use Portfolio, a fully occupied, three-property offering located in Moline, IL. The portfolio includes six residential units and eight commercial spaces across 706 18th Ave, 702 18th Ave, and 425 18th St, positioned along key corridors with convenient access to local amenities. The properties feature a mix of residential apartments and street-level commercial storefronts. According to ownership, recent improvements include updates to roofing, mechanical systems, and interior finishes. Residential units offer a variety of layouts, with select apartments featuring in-unit laundry and central heating and cooling. Commercial units are currently leased, and the properties have experienced historically low vacancy. Parking options include on-site and nearby street parking, enhancing accessibility for both residents and commercial tenants. Based on current occupancy and ongoing operations, this portfolio may appeal to investors seeking stabilized, mixed-use assets in an established Moline location. 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.

Exclusively Listed By

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