Remarks

Own the historical G.M. Ford building constructed in 1891 and adjacent structure in 1901. Full renovation in 2003-4 features a full basement, first floor built out as restaurant, partial mezzanine and two rented apartments configured as a one bedroom and two bedroom brings in about $26,000 of annual income. Two Bedroom has been redone recently. Best downtown Moline site with large public parking lot and parking ramp across street. +/-7,176 total square feet of space above grade. Newer TPO roof. For Lease at $5,000 per month modified gross. Seller is a licensed real estate broker in Iowa & Illinois. Seller intends to perform a 1031 exchange and buyer to cooperate at no additional expense to buyer.

Details

MLS#: QC4258551
Price: $569,000

Style: Commercial
Sq Ft: 7167
Year Built: 1891

County: Rock Island
Lot Size: 51' x 80'
Tax Fee: 16847