5320 22Nd Avenue CtMoline, IL 61265

For Sale
$3,950,000

Class-A Office Building, 20,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 20,000-square-foot Class-A office building situated on a three-acre lot in Moline, Illinois. The property, located at 5320 22nd Avenue, boasts a prime location off the highly trafficked Avenue of the Cities, surrounded by a vibrant mix of retail and residential establishments. Convenient public transportation access further enhances its appeal. Currently, 10,000 square feet are leased to Avadyne, a long-term tenant with a recently signed renewal, demonstrating strong commitment to the space. This leaves 10,000 square feet of Class-A vacant space, ideal for a variety of tenants including medical practices (physical therapy, dental, general healthcare), IT firms, call centers, or general office users. The building, constructed in 2016, features ample parking and prominent building signage visible from Avenue of the Cities. The property is zoned B-3 and offers a compelling investment opportunity due to the existing lease and the potential for additional income from the vacant space. The asking price for this exceptional property is $3,950,000. This is a rare chance to acquire a high-quality, well-located commercial building in a thriving market. The property's strategic location and modern design make it an attractive option for both investors and tenants.

Highlights

  • Asking Price: $3,950,000
  • Property Type: 20,000 SF Class-A Office Building on 3 acres of land
  • Location: 5320 22nd Avenue, Moline, IL 61265, high visibility on Avenue of the Cities with ample parking
  • Tenancy: Partially occupied by Avadyne (10,000 SF) with a recent lease renewal; 10,000 SF of Class-A space available for lease
  • Zoning: B-3; Built in 2016

Property Details for 5320 22Nd Avenue Ct

Property type
Other office properties, Other land
Buildings
1

Location Insight

City
Moline
County
Rock Island
State
Illinois
Latitude
41.4904265
Longitude
-90.4635796
5320 22Nd Avenue Ct, Moline, Illinois

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5320 22Nd Avenue Ct
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