NOT LISTED FOR SALE
Studio
-- Baths
2,400 Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: August 16, 2021

Last sale price $1,850,000 $771 Per Sq Ft

119 Days on Market

About This Home

As of August 2021

Great investment and development opportunity for the Reliance & Malcom buildings located in the Downtown Moline Commercial Historic District. The connected 5-story and 3-story buildings total 62,610 SF (53,970 SF & 8,640 SF). Extensive renovations have been completed with floors 1-3 new plumbing, electrical, windows, HVAC, and quality interior finishes. The retail tenants on the 1st and 2nd floor are University Club (banquet hall) Cafe Fresh (restaurant) and Debord's (catering). The third floor is renovated office space with three suites. Floors 4-5 are in shell condition with the opportunity to develop 17 apartments. The buildings are located in a TIF district and additional incentives available for the future development of the 4/5 floors. Please call the LA for additional information.

Last Agent to Sell the Property

Alexander Kelly

NAI Ruhl Commercial Company License #475.134777/S60345000 Listed on: 12/04/2020

NAI Ruhl Commercial Company

Last Buyer's Agent

Ryan Fick

Mel Foster Co. Davenport License #B60366000/475.150139

Mel Foster Co. Davenport
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Property Details

Property Type

  • Other

Est. Annual Taxes

  • $29,486

Year Built

  • Built in 1912

Lot Details

  • 0.4

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$29,486

Year Built

Built in 1912

Lot Details

0.4 Acres

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment, Multi-Family, Office, Restaurant, Retail
  • Lvt Date: 12/08/2020
  • Year Built: 1912
  • Bar: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood
  • Total Building Sq Ft: 62610
  • Estimated Lot Sq Ft: 20300

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: City Street
  • Insulation: Unknown
  • Roof Construction: Membrane
  • Wall Construction: Brick, Masonry

Utilities

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

Lot Info

  • Zoning: B-2
  • Geo Subdivision: IL

Rental Info

  • Owner Pays: N/A
  • Tenant Pays: N/A
  • Terms Lease: Other Term/Lease

Tax Info

  • Annual Taxes: 29486
  • Parcel Id Number Tax Id: 08-32-408-002
  • Tax Incentive: Other Tax Incentive, TIF District
  • Tax Year: 2019

Multi Family

  • Total Number Units: 17

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Aug 16, 2021
Sold by
Sjs Capital Group Inc
Bought by
Seller's Agent
Alexander Kelly
NAI Ruhl Commercial Company
Buyer's Agent
Ryan Fick
Mel Foster Co. Davenport
List Price
$2,150,000
Sold Price
$1,850,000
Premium/Discount to List
-$300,000
-13.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,480,000
Outstanding Balance
$52,864
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2020
Sold by
Alex B Stone Trust
Bought by
Sjs Capital Group Inc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Moline, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,850,000 Gomez Title
Sjs Capital Group Inc -- Eagle And Eagle Chartered
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,480,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/16/2021 08/16/21 Sold $1,850,000 -14.0% $771 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
12/04/2020 12/04/20 For Sale $2,150,000 0.0% $896 / Sq Ft
12/27/2017 12/27/17 Rented $57,600 0.0% --
01/08/2017 01/08/17 For Rent $57,600 -- --
Source: RMLS Alliance

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $39,895 $419,100 $42,424 $376,676
2024 $39,895 $232,359 $40,023 $192,336
2023 $22,478 $222,141 $38,263 $183,878
2022 $20,645 $222,141 $38,263 $183,878
2021 $21,274 $212,169 $36,545 $175,624
2020 $22,103 $210,904 $36,327 $174,577
2019 $21,607 $205,961 $35,476 $170,485
2018 $21,033 $203,535 $35,055 $168,480
2017 $20,715 $199,349 $34,334 $165,015
2016 $20,417 $196,017 $33,760 $162,257
2015 $20,039 $191,986 $33,066 $158,920
2014 -- $195,406 $33,655 $161,751
2013 -- $195,406 $33,655 $161,751
Source: Public Records

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Map

Source: RMLS Alliance

MLS Number: QC4217496

RMLS Alliance

APN: 08-32-408-002

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