4550 Kennedy DrEast Moline, IL 61244

This exceptional two-story executive office building, located at 4550 Kennedy Drive in East Moline, Illinois, presents a compelling investment opportunity. The 14,944 square foot building sits on a 0.76-acre lot and boasts 59 on-site parking spaces. The property is zoned C and features an elevator, ensuring accessibility for all. The building's geothermal heating and air conditioning system significantly reduces utility costs. Currently, the upper 7,472 square feet is leased, while the lower 7,472 square feet, a walk-out level, is available for lease at $7.00 per square foot annually, net, with CAM charges of $2.20 per square foot and real estate taxes of $3.18 per square foot. The asking price for the entire building is $895,000. The 2018/2019 real estate taxes totaled $47,561.04. This property offers an excellent opportunity for owner-occupancy or an investor seeking a strong cash flow with a partially leased building in a desirable East Moline location. The building's features, including its efficient energy system and ample parking, make it an attractive option for a variety of businesses. The lower level's availability for lease provides additional income potential. The property's location in Rock Island County, zip code 61244, offers easy access to major transportation routes.