Great investment and development opportunity for the Reliance & Malcom buildings located in the Downtown Moline Commercial Historic District. The connected 5-story and 3-story buildings total 62,610 SF (53,970 SF & 8,640 SF). Extensive renovations have been completed with floors 1-3 new plumbing, electrical, windows, HVAC, and quality interior finishes. The retail tenants on the 1st and 2nd floor are University Club (banquet hall) Cafe Fresh (restaurant) and Debord's (catering). The third floor is renovated office space with three suites. Floors 4-5 are in shell condition with the opportunity to develop 17 apartments. The buildings are located in a TIF district and additional incentives available for the future development of the 4/5 floors. Please call the LA for additional information.
*This Payment Calculator is intended for educational and planning purposes only. **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.