1405 5th AvenueMoline, IL 61265

Description

EXCITING INVESTMENT OPPORTUNITY - Discover this iconic 1922 Downtown Moline gem, perfectly positioned along bustling 5th Avenue. Formerly home to Analog and Late Rider, this well-loved bar and grill is primed for its next exciting chapter. The building has seen extensive upgrades, including new mini splits (2019), new 3rd-floor HVAC (2021), and updated electrical with two new breaker boxes. The spacious basement features a large walk-in cooler and a nearly new draft system (installed 2023). The kitchen boasts a new 10-foot hood and an updated prep area, ideal for modern operations. The third and fourth floors, each offering 6,000 SF, are currently vacant and ready for mixed-use redevelopment. The property is fully sprinklered. All FF&E is excluded from the sale but may be purchased separately, subject to negotiation and seller approval.

Property Information

Property type

Commercial Sale

Sub-type

Retail

Year built

1922

Building area

18,000 Sq Ft

Lot size

0.12 acres

Zoning

SX-1

Days on market

324

MLS^® Listing#

QC4269060

Property Features

Cooling

Central Air

Flooring

Carpet · Concrete

Construction

Brick · Block

Roof

Tar/Gravel

Financial Details

Annual taxes

$13,466

Parcel number

08-32-406-003

Directions

Head West on 5th Ave, on Right just short of 15th St