3908 14Th StMoline, IL 61265

For Sale
$615,000

High-yield warehouse, 9,000 sq ft, two buildings.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 9,000-square-foot warehouse complex situated on a 0.61-acre lot in Moline, Illinois. The property, zoned C, comprises two single-story buildings offering 64 non-climate-controlled units. Unit sizes range from 5x10 to 10x30, catering to diverse storage needs. Currently boasting a 98% occupancy rate, this property presents significant income potential. Market rent analysis indicates a potential rent increase exceeding $350 per month, further enhancing the return on investment. The asking price is $615,000, translating to $68.33 per square foot. This represents a compelling investment with a current capitalization rate of 7.5%. The property's central location in Moline, within Rock Island County (zip code 61265), ensures convenient access and strong tenant demand. This is an ideal acquisition for investors seeking a stable, high-performing asset with substantial upside potential.

Property Details for 3908 14Th St

Property type
Other warehouses, Other industrial properties
Square Feet
9,000 SF
Buildings
2
Stories
1
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Moline
County
Rock Island
State
Illinois
Latitude
41.471121945809
Longitude
-90.515194758609
3908 14Th St, Moline, Illinois

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3908 14Th St
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