NOT LISTED FOR SALE

4241 Avenue of the Cities Moline, IL 61265

Estimated Value: $2,734,169

-- Bed
-- Bath
11,960 Sq Ft
$229/Sq Ft Est. Value

Last Sold November 14, 2013

Last sale price $340,860 $28 Per Sq Ft

Est. 702% increase in value since last sale

Current estimated payment $17,184/month

About This Home

As of December 2020

Investment Opportunity for Multi-Tenant Shopping Center. Excellent location on Ave of Cities located across the street from Hy-Vee & next door to Aldi's. 11,960 SF available for lease $5.00 psf NNN lease.

Last Agent to Rent the Property

Thad DenHartog

Mel Foster Co. Commercial License #B39654000/471.002649 Listed on: 06/13/2019

Mel Foster Co. Commercial

Last Renter's Agent

Richard Schaefer

NAI Ruhl Commercial Company License #S32803000/475.140021

NAI Ruhl Commercial Company

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $34,954

Year Built

  • Built in 1974

Lot Details

  • 1.89

Utilities

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

Listing and Financial Details

  • Tenant pays for janitorial, trash, snow/lawn, gas, electric, heating, cooling, water/sewer, tenant pays

Property Details

Property Type

Other

Est. Annual Taxes

$34,954

Year Built

Built in 1974

Lot Details

0

Rental Info

  • Lease Dollar Sq Ft: 5
  • Lease Type: Net
  • Owner Pays: None
  • Sale Lease Includes: Building
  • Tenant Pays: Janitorial, Trash, Snow/Lawn, Gas, Electric, Heating, Cooling, Water/Sewer, Tenant Pays Other
  • Terms Lease: 3 Years, 4 Years, 5 Years, Other Term/Lease

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Year Built: 1974
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Carpeted
  • Total Building Sq Ft: 15641
  • Estimated Lot Sq Ft: 84070

Exterior Features

  • Exterior Finish: Aluminum, Glass, Stucco
  • Frontage Access: City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Flat
  • Wall Construction: Block, Frame, Steel/ST Fram

Garage/Parking

  • Numberparking Spaces Allocated: 20

Utilities

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

Lot Info

  • Estimated Number of Acres: 1.89
  • Zoning: B-3
  • Geo Subdivision: IL
  • Property Use: Strip Center

Tax Info

  • Annual Taxes: 34953.8
  • Parcel Id Number Tax Id: 0783
  • Tax Incentive: In City Limit
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2021
Sold by
Zeglins Home Tv & Appliance Inc
Bought by
Vance Refrigeration Llc
Current Estimated Value
$2,734,169

Purchase Details

Listed on
Jun 13, 2019
Closed on
Dec 30, 2020
Sold by
Jco Properties Inc
Bought by
Zeglins Home Tv & Appliance In
Seller's Agent
Thad DenHartog
Mel Foster Co. Commercial
Buyer's Agent
Richard Schaefer
NAI Ruhl Commercial Company
Sold Price
$810,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,000
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 13, 2019
Closed on
Dec 23, 2020
Sold by
Jco Properties Inc
Bought by
Zeglins Home Tv & Appliance Inc
Seller's Agent
Thad DenHartog
Mel Foster Co. Commercial
Buyer's Agent
Richard Schaefer
NAI Ruhl Commercial Company
Sold Price
$810,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,000
Interest Rate
2.7%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Vance Refrigeration Llc -- Churchill & Churchill Pc
Zeglins Home Tv & Appliance In $810,000 Lane & Waterman Llp
Zeglins Home Tv & Appliance Inc $810,000 Lane & Waterman Llp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vance Refrigeration Llc $416,000
Closed Vance Refrigeration Llc $500,185
Closed Vance Refrigeration Llc $402,000
Previous Owner Zeglins Home Tv & Appliance In $729,000
Previous Owner Zeglins Home Tv & Appliance Inc $729,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2020 12/29/20 Rented $810,000 +1.3% --
11/18/2020 11/18/20 Under Contract -- -- --
09/09/2020 09/09/20 For Rent $800,000 0.0% --
09/03/2020 09/03/20 Off Market $800,000 -- --
06/13/2019 06/13/19 For Rent $800,000 0.0% --
11/14/2013 11/14/13 Sold $340,860 -82.7% $29 / Sq Ft
10/04/2013 10/04/13 Pending -- -- --
03/18/2010 03/18/10 For Sale $1,975,000 -- $165 / 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 $27,776 $318,489 $181,099 $137,390
2023 $27,776 $293,268 $166,758 $126,510
2022 $25,264 $281,447 $160,036 $121,411
2021 $25,173 $269,070 $152,998 $116,072
2020 $35,260 $372,496 $150,441 $222,055
2019 $34,954 $366,630 $148,072 $218,558
2018 $59,114 $626,987 $144,371 $482,616
2017 $58,125 $617,113 $142,097 $475,016
2016 $56,651 $597,978 $137,691 $460,287
2015 $55,362 $584,419 $134,569 $449,850
2014 $13,489 $590,263 $135,915 $454,348
2013 $13,489 $590,263 $135,915 $454,348
Source: Public Records

Agents Affiliated with this Home

  • Thad DenHartog

    Landlord's Agent in 2020

    Thad DenHartog

    Mel Foster Co. Commercial

    (563) 650-8676

    9 in this area

    122 Total Sales

    Thad DenHartog
    Section Image
  • Richard Schaefer

    Tenant's Agent in 2020

    Richard Schaefer

    NAI Ruhl Commercial Company

    (563) 823-5118

    58 Total Sales

    Richard Schaefer
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAQC7042110

RMLS Alliance

APN: 17-03-400-028

Illinois Rock Island County Moline 61265

4241 Avenue of the Cities, Moline, IL

This home is located at 4241 Avenue of the Cities, Moline, IL 61265 since 13 June 2019 and is currently priced at $2,734,169. This property was built in 1974. 4241 Avenue of the Cities is a home located in Rock Island County with nearby schools including George Washington Elementary School, Woodrow Wilson Middle School, and Moline Sr High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes