NOT LISTED FOR SALE

4401 27th St Moline, IL 61265

Prospect Park Neighborhood

Estimated Value: $4,726,089

Studio
-- Bath
52,463 Sq Ft
$90/Sq Ft Est. Value

Last Sold June 21, 2022

Last sale price $950,000 $18 Per Sq Ft

Est. 397% increase in value since last sale

Current estimated payment $27,317/month

749 Days on Market

About This Home

As of June 2022

$10.00/SF NNN Lease for 52,463 SF Gordmans box at SouthPark Mall. Building also for sale for $1,000,000. Fronts on John Deere Road. Call Listing Agent for more details.

Last Agent to Sell the Property

David Gellerman

Hawkeye Commercial Real Estate License #B41332000/471.018117 Listed on: 02/20/2020

Co-Listed By

Jim Tansey

Hawkeye Commercial Real Estate License #B44393000/471.017923

Last Buyer's Agent

Non-Member Non-Member

Non-Member

Property Details

Property Type

  • Other

Year Built

  • Built in 1974

Lot Details

  • 67.7

Utilities

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

Listing and Financial Details

  • Tenant pays for all, real estate taxes, insurance, internal maintenance, janitorial, gas, electric, heating, cooling, water/sewer

Property Details

Property Type

Other

Year Built

Built in 1974

Lot Details

0

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: Other Flooring, Tile/Vinyl
  • Other Access: None
  • Total Building Sq Ft: 52463
  • Estimated Lot Sq Ft: 2949663

Exterior Features

  • Exterior Finish: Other Exterior Finish
  • Frontage Access: Paved 6Lane, Inside Lot, State Road
  • Insulation: Roof, Side Walls
  • Roof Construction: Comp Roll
  • Wall Construction: Frame

Garage/Parking

  • Numberparking Spaces Allocated: 156

Utilities

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

Lot Info

  • Estimated Number of Acres: 67.7
  • Zoning: B-4
  • Geo Subdivision: IL
  • Property Use: Other Property Use, Regional Center/Mall

Rental Info

  • Lease Dollar Sq Ft: 10
  • Lease Type: Gross
  • Owner Pays: N/A
  • Sale Lease Includes: Building, Land
  • Tenant Pays: All, Real Estate Taxes, Insurance, Internal Maintenance, Janitorial, Gas, Electric, Heating, Cooling, Water/Sewer
  • Terms Lease: Other Term/Lease

Tax Info

  • Annual Taxes: 1077315.24
  • Parcel Id Number Tax Id: 0714989
  • Tax Incentive: In City Limit
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2023
Sold by
Rhino Holdings Moline Llc
Bought by
Freight Jl Group Llc
Current Estimated Value
$4,726,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Outstanding Balance
$2,735,002
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$1,950,948

Purchase Details

Listed on
Feb 20, 2020
Closed on
Jun 16, 2022
Sold by
Macerich South Park Mall Llc
Bought by
Rhino Holdings Moline Llc
Seller's Agent
David Gellerman
Hawkeye Commercial Real Estate
Buyer's Agent
Non-Member Non-Member
Non-Member
Sold Price
$950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.36%
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
Freight Jl Group Llc $4,310 None Listed On Document
Rhino Holdings Moline Llc $950,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freight Jl Group Llc $2,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2022 06/21/22 Sold $950,000 0.0% $18 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
12/05/2021 12/05/21 Off Market $950,000 -- --
02/16/2021 02/16/21 Price Changed $1,000,000 +5.3% $19 / Sq Ft
01/14/2021 01/14/21 For Sale -- -- --
12/05/2020 12/05/20 Off Market $950,000 -- --
02/20/2020 02/20/20 For Sale $524,630 -- $10 / 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 $31,248 $358,307 $174,280 $184,027
2023 $31,248 $329,933 $160,479 $169,454
Source: Public Records

Agents Affiliated with this Home

  • David Gellerman

    Seller's Agent in 2022

    David Gellerman

    Hawkeye Commercial Real Estate

    (319) 645-0087

    3 in this area

    72 Total Sales

    David Gellerman
    Section Image
  • Jim Tansey

    Seller Co-Listing Agent in 2022

    Jim Tansey

    Hawkeye Commercial Real Estate

    (319) 645-0088

    4 in this area

    37 Total Sales

    Jim Tansey
    Section Image

  • N

    Buyer's Agent in 2022

    Non-Member Non-Member

    Non-Member

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAQC7041986

RMLS Alliance

APN: 17-16-111-001

Illinois Rock Island County Moline 61265 Prospect Park

4401 27th St, Moline, IL

Not Listed for Sale

Other

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