NOT LISTED FOR SALE

1401 5th Ave Moline, IL 61265

Downtown Moline Neighborhood

Estimated Value: $149,350

Studio
-- Bath
1,200 Sq Ft
$124/Sq Ft Est. Value

Last Sold August 21, 2013

Last sale price $95,000 $79 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $930/month

About This Home

As of June 2022

1,200 square foot free standing building. This former restaurant is in the heart of downtown Moline and makes for a perfect restaurant, coffee, sandwich, or café space. Features walk-in cooler and freezer, grease trap, with dish, hand, prep, and mop sinks. Two restrooms, additional storage space, open concept floor plan, and newer HVAC. Property also has a private parking lot located next to building with approximately 8 parking spaces. Ideal downtown location with neighboring business Analog Arcade Bar II, Lagomarcino's Confectionery, Bent River Brewing, O’Keefe’s Sport Pub & Grub, and more. Within walking distance to the TaxSlayer Center (multipurpose arena) Conference Center, and multiple hotel chains.

Last Agent to Rent the Property

Shawn Langan

NAI Ruhl Commercial Company License #S62759000/475.162291 Listed on: 10/12/2021

NAI Ruhl Commercial Company

Co-Listed By

Pete Hadjis

NAI Ruhl Commercial Company License #S67761000/475.188914

Last Renter's Agent

Shawn Langan

NAI Ruhl Commercial Company License #S62759000/475.162291 Listed on: 10/12/2021

NAI Ruhl Commercial Company

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,530

Year Built

  • Built in 1930

Lot Details

  • 6,098

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$4,530

Year Built

Built in 1930

Lot Details

0

Rental Info

  • Landlord Contribues T I: Yes
  • Monthly Lease Rate: 1500
  • Lease Type: Net
  • Owner Pays: None
  • Sale Lease Includes: Building, Land
  • Tenant Pays: All
  • Terms Lease: 5 Years

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office, Restaurant, Retail
  • Lvt Date: 10/13/2021
  • Year Built: 1930
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Total Building Sq Ft: 1200

Exterior Features

  • Exterior Finish: Brick, Concrete
  • Frontage Access: Corner Lot, City Street
  • Insulation: Partial
  • Roof Construction: Flat
  • Wall Construction: Brick

Garage/Parking

  • Numberparking Spaces Allocated: 8

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Water Supply: Municipal/City

Lot Info

  • Zoning: B-2
  • Geo Subdivision: IL
  • Property Use: Freestanding Building

Tax Info

  • Annual Taxes: 4530.08
  • Parcel Id Number Tax Id: 08-32-406-002
  • Tax Incentive: Hub Zones
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
May 31, 2022
Sold by
Mj Storm Investments Llc
Bought by
Little Gray Jj Llc
Seller's Agent
Shawn Langan
NAI Ruhl Commercial Company
Buyer's Agent
Shawn Langan
NAI Ruhl Commercial Company
Sold Price
$230,000
Current Estimated Value
$149,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$80,650
Original Mortgage
$276,250
Outstanding Balance
$262,853
Interest Rate
5.27%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Little Gray Jj Llc $230,000 Meridian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Little Gray Jj Llc $276,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/03/2022 06/03/22 Rented $230,000 0.0% --
04/01/2022 04/01/22 Under Contract -- -- --
10/12/2021 10/12/21 For Rent $230,000 +126.2% --
09/29/2015 09/29/15 Rented $101,700 0.0% --
07/31/2015 07/31/15 Under Contract -- -- --
05/26/2015 05/26/15 For Rent $101,700 0.0% --
08/21/2013 08/21/13 Sold $95,000 -24.0% $79 / Sq Ft View Prior Sale
07/09/2013 07/09/13 Pending -- -- --
04/22/2013 04/22/13 For Sale $125,000 -- $104 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,607 $47,624 $14,159 $33,465
2023 $4,607 $45,529 $13,536 $31,993
2022 $4,231 $45,529 $13,536 $31,993
2021 $4,360 $43,485 $12,928 $30,557
2020 $4,530 $43,226 $12,851 $30,375
2019 $4,311 $42,213 $12,550 $29,663
2018 $4,311 $41,715 $12,401 $29,314
2017 $4,246 $40,857 $12,146 $28,711
2016 $4,184 $40,174 $11,943 $28,231
2015 $4,107 $39,347 $11,697 $27,650
2014 -- $40,047 $11,905 $28,142
2013 -- $40,047 $11,905 $28,142
Source: Public Records

Agents Affiliated with this Home

  • Shawn Langan

    Landlord's Agent in 2022

    Shawn Langan

    NAI Ruhl Commercial Company

    (563) 823-5118

    2 in this area

    227 Total Sales

    Shawn Langan
    Section Image
  • Pete Hadjis

    Landlord's Co-Listing Agent in 2022

    Pete Hadjis

    NAI Ruhl Commercial Company

    (563) 484-4151

    1 in this area

    88 Total Sales

    Pete Hadjis
    Section Image

  • D

    Seller's Agent in 2013

    David Hayes

    Homestar Homes

    Section Image
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Map

Source: RMLS Alliance

MLS Number: QC4227406

RMLS Alliance

APN: 08-32-406-002

Illinois Rock Island County Moline 61265 Downtown Moline

1401 5th Ave, Moline, IL

Not Listed for Sale

Other

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