NOT LISTED FOR SALE

2425 40th Ave Moline, IL 61265

Prospect Park Neighborhood

Estimated Value: $1,200,356

Studio
-- Bath
5,002 Sq Ft
$240/Sq Ft Est. Value

Last Sold November 08, 2016

Last sale price $300,000 $60 Per Sq Ft

Est. 300% increase in value since last sale

Current estimated payment $7,228/month

39 Days on Market

About This Home

As of November 2016

Well maintained retail building with shop space. Great for auto parts, auto service, contractor, equipment sales and much more. Available as investment property with tenant in place until February 2018. Cell tower on property provides additional rental income. 7.8% CAP rate. Call LA for details on current tenant lease.

Last Agent to Sell the Property

Richard Weinstein

NAI Ruhl Commercial Company License #S38528000/475.135488 Listed on: 04/28/2016

NAI Ruhl Commercial Company

Co-Listed By

David Levin

Hawkeye Commercial Real Estate License #475.081178/B27165000

Last Buyer's Agent

Richard Weinstein

NAI Ruhl Commercial Company License #S38528000/475.135488 Listed on: 04/28/2016

NAI Ruhl Commercial Company

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,955

Year Built

  • Built in 1975

Lot Details

  • 0.52

Utilities

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

Property Details

Property Type

Other

Est. Annual Taxes

$8,955

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Year Built: 1975
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Tile/Vinyl
  • Other Access: None
  • Total Building Sq Ft: 5002
  • Estimated Lot Sq Ft: 22651

Exterior Features

  • Exterior Finish: Brick, Glass
  • Frontage Access: Corner Lot
  • Insulation: Roof, Side Walls
  • Roof Construction: Metal, Sloped
  • Wall Construction: Block

Garage/Parking

  • Numberparking Spaces Allocated: 20

Utilities

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

Lot Info

  • Estimated Number of Acres: 0.52
  • Zoning: B-4
  • Geo Subdivision: IL

Rental Info

  • Owner Pays: N/A
  • Sale Lease Includes: Building, Land
  • Tenant Pays: N/A
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 8955
  • Parcel Id Number Tax Id: 0712414-1
  • Tax Incentive: In City Limit
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2024
Sold by
Geneva Pacific Holdings Llc
Bought by
Agree Stores Llc
Current Estimated Value
$1,200,356

Purchase Details

Closed on
Jul 31, 2024
Sold by
Jack Holdings Llc
Bought by
Geneva Pacific Holdings Llc
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
Agree Stores Llc $1,168,000 None Listed On Document
Geneva Pacific Holdings Llc $750,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/08/2016 11/08/16 Sold $300,000 0.0% $60 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
04/28/2016 04/28/16 For Sale $300,000 +263.5% $60 / Sq Ft
03/06/2013 03/06/13 Sold $82,533 -74.7% $17 / Sq Ft View Prior Sale
03/03/2013 03/03/13 Pending -- -- --
01/07/2013 01/07/13 For Sale $326,000 -- $65 / 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 $11,410 $130,836 $36,065 $94,771
2023 $11,410 $120,475 $33,209 $87,266
2022 $10,378 $115,619 $31,870 $83,749
2021 $10,341 $110,534 $30,468 $80,066
2020 $10,288 $108,687 $29,959 $78,728
2019 $10,199 $106,975 $29,487 $77,488
2018 $9,834 $104,299 $28,749 $75,550
2017 $9,669 $102,656 $28,296 $74,360
2016 $9,424 $99,473 $27,419 $72,054
2015 $9,209 $97,217 $26,797 $70,420
2014 -- $98,189 $27,065 $71,124
2013 -- $98,189 $27,065 $71,124
Source: Public Records

Agents Affiliated with this Home

  • Richard Weinstein

    Seller's Agent in 2016

    Richard Weinstein

    NAI Ruhl Commercial Company

    (563) 355-4000

    1 in this area

    30 Total Sales

    Richard Weinstein
    Section Image
  • David Levin

    Seller Co-Listing Agent in 2016

    David Levin

    Hawkeye Commercial Real Estate

    (309) 781-9169

    20 in this area

    84 Total Sales

    David Levin
    Section Image
  • Debra Roche

    Seller's Agent in 2013

    Debra Roche

    Barker Roche Real Estate

    (309) 762-6142

    1 in this area

    32 Total Sales

    Debra Roche
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAQC7035242

RMLS Alliance

APN: 17-09-309-009

Illinois Rock Island County Moline 61265 Prospect Park

2425 40th Ave, Moline, IL

Not Listed for Sale

Other

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