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Listing provided courtesy of Epique Realty IncMREDas Distributed by MLSGrid- MLS# 12654741MLS Provider

242 46th StreetMoline, IL 61265

Commercial · 9,600 Sq. ft. | 1.87 Acres
$449,000 Active

242 46th Street Overview

Time on Site:
36 days
Visits:
4

Incredible investment opportunity in Moline! This expansive multi-family property features a solid rental history with long-term tenants already in place, situated on a generous 1.81-acre parcel with ample land offering excellent future development potential. Offering a park-like setting with optimal off-street carport parking, this unique 25-unit apartment community features highly efficient studio layouts. Units include a private entrance, full kitchen setup, and a rental structure historically built around an all-utilities-included format for low vacancy rates. Perfectly positioned just off Avenue of the Cities, this property offers incredible proximity to local dining, shopping centers, public transit, and major Quad Cities routes. Sold as-is, Buyers and/or buyers agents to verify all facts, details, features and measurements of the property. DO NOT DISTURB TENANTS. 24hour notice required.

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242 46th Street Facts & Features

  • Type Commercial
  • Sq. ft. 9,600
  • Price/Sq.ft. $47
  • Lot 1.87 Acres

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 162840
  • Gross Scheduled Income: 162840
  • Insurance Expense: 0
  • Maintenance Expense: 0
  • Net Operating Income: 132099
  • Operating Expense: 30741
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1944

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Rock Island
  • MLS Area Major: Moline
  • Township: Moline

Tax Information

  • Tax Annual Amount: $9,971.00
  • Tax Year: 2025

General Information

  • Parcel Number: 08342110010000
  • Possible Use: Multi-Family
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 9600

General Information

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street,Paved
  • Lot Size Acres: 1.87
  • Lot Size Dimensions: 175 x 448
  • Lot Size Square Feet: 78656

Building Exterior/Construction

  • Construction Materials: Wood

General Information

  • Number Of Units Total: 24

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Units Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Units Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Units Total: 1

Unit 5 Details

  • Unit Type: Unit 5
  • Units Total: 1

Unit 6 Details

  • Unit Type: Unit 6
  • Units Total: 1

Unit 7 Details

  • Unit Type: Unit 7
  • Units Total: 1

242 46th Street Neighborhood

Community

61265 (Moline) Demographics

40
Median Age
2,099
Population Density (per sq. mile)
39%
College Educated
$57,771
Estimated Median Income
12,491
Estimated Total Home Owners
6,183
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

242 46th Street Monthly Cost

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$ %
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$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% 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. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

242 46th Street Market Data

Based on the last 30 days in this zip code

$183,306
Average List Price
$124
Average Price per Square Foot
32
Properties Sold
53
Average Days on Market
124
Properties for Sale
Calculations provided by Reliance Network

242 46th Street History

Date Event Value Agent
6/21/2026Source: MRED Status Change
Active
6/15/2026Source: MRED Price Reduction
$449,000 -47.1%
6/15/2026Source: MRED Status Change
Price Change
5/30/2026Source: MRED Status Change
Active
5/25/2026Source: MRED Added to Database
May 25, 2026
2/1/2026Source: MRED Added to Database
February 01, 2026