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1103 25Th St Rock Island, IL 61201

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For Sale
$2,900,000

48-unit apartment community in Rock Island, Illinois.

Property size:
42,000 SF

Property Features for 1103 25Th St

General Information

Standard status
Active
Size
42,000 SF

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Listing Contact
Ray Hamilton
Source: Cbre

Listing Agent: Ray Hamilton

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

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Overview

Rock Island Apartment Community

The Woodland Grove Apartments, located in Rock Island, Illinois, presents an opportunity to acquire a 48-unit apartment community. Rock Island is part of the Quad Cities MSA, encompassing over 400,000 people. The property, constructed in 1966, has a gross building area of 42,000 square feet and is situated on a 1.99-acre parcel. The unit mix includes 8 studio apartments, 24 one-bedroom/one-bathroom units, 8 two-bedroom/one-bathroom units, and 8 two-bedroom/two-bathroom units. Rock Island is home to Rock Island Arsenal, a large military installation and the city’s largest employer with 6,300 employees, located two miles north of the property. Augustana College, with an enrollment of approximately 2,500 students, is also located in Rock Island, less than one mile from the property.
Location Intelligence

Current Use by Public Records

Woodland Grove Apartments. Apartment Building

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Rock Island
County
Rock Island
State
Illinois
Longitude
-90.564361
Latitude
41.500432

FAQs

What type of property is this?
Apartment building - 48-unit apartment community in Rock Island, Illinois.
Where is this apartment building located?
The property is located at 1103 25Th St Rock Island, IL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: - High Cap Rate: 8.25%; - 48-unit apartment community; - Located in Rock Island, part of the Quad Cities MSA (over 400,000 people)
More about this property
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