Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1320 1St St Rock Island, IL 61201

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    27,720 SF warehouse space with highway access.

    Property size:
    27,720 SF
    Lot size:
    3.56 Acres

    Property Features for 1320 1St St

    General Information

    Size
    27,720 SF
    Lot size
    3.56 Acres

    We can help!

    Listing Contact
    Michael Minard
    Michael Minard
    Source: Moodyscre

    Listing Agency: JLL Listing Agent: Michael Minard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rock Island Warehouse For Rent

    This 27,720 square foot warehouse property is available for rent and features six dock doors and seven overhead doors. The building offers a clear height ranging from 16 to 20 feet and is equipped with 3-phase 400 amp electrical service. The property is located directly off Highway 92 in Rock Island, Illinois, making it suitable for distribution and industrial purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rock Island
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.594602
    Latitude
    41.497859

    Nearby Similar for Sale

    • $94,900

      Rock Island Redone Duplex

      Completely redone duplex, potential for conversion to single-family home.
      801 41St St, Rock Island, IL 61201
      View Details
    • $79,900
      Pending

      Turnkey Multifamily Property in Rock Island

      Fully occupied duplex in Rock Island with recent upgrades.
      1600 9Th St, Rock Island, IL 61201
      View Details
    • $79,900
      Pending

      Turnkey Multifamily Property in Rock Island

      Fully occupied duplex in Rock Island with recent upgrades.
      1600 9Th St, Rock Island, IL 61201
      View Details
    • $3,300,000
      43,200 SF

      Rock Island Office Complex: Prime Investment

      43,200 SF Office Building, 86% Occupied
      4703 44Th St, Rock Island, IL 61201
      View Details
    • Contact for pricing
      41,600 SF

      Downtown Rock Island Three-Story Building

      Three-story building in downtown Rock Island with river views.
      1600 2Nd Ave, Rock Island, IL 61201
      View Details
    • $2,975,000
      48,843 SF

      Multifamily Portfolio in Quad Cities

      58 units in Rock Island and Moline, Illinois.
      & Moline IL Rockford Is, Rock Island, IL
      View Details
    • Contact for pricing
      25,889 SF

      Former Day Care Facility

      Day care facility with classrooms, gym, pool, and playground.
      229 16Th St, Rock Island, IL 61201
      View Details
    • $240,000
      12,000 SF

      Prime Rock Island Bar/Retail Space

      12,000 SF Vacant Bar, Huge Potential
      1720 2Nd Ave, Rock Island, IL 61201
      View Details
    • Contact for pricing
      4,800 SF

      Rock Island Office/Retail Space

      4,800 SF Office/Retail in Prime Location
      4014 Blackhawk Rd, Rock Island, IL 61201
      View Details
    • $400,000

      Prime Rock Island Office Building

      $400,000 - Excellent Investment Opportunity
      1728 4Th Ave, Rock Island, IL 61201
      View Details
    • Contact for pricing
      13,656 SF

      Rock Island Retail Opportunity

      Retail property available in Rock Island, Illinois.
      3100 11Th St, Rock Island, IL 61201
      View Details

    FAQs

    What type of property is this?
    Warehouse - 27,720 SF warehouse space with highway access.
    Where is this warehouse located?
    The property is located at 1320 1St St Rock Island, IL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Directly off Highway 92; - 6 Dock doors for efficient loading and unloading; - 7 OH doors
    (563) 508-4649 Call to check price and availability
    Request Owner's contact information
    1320 1St St Rock Island, IL 61201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1320 1St St
    Rock Island, IL 61201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1320 1St St Rock Island, IL 61201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Minard
    Michael Minard
    Real Estate License ID: IA-S42639000
    (563) 508-4649 (515) 218-7010
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!