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Class B Office Units
For Lease
$15 SF/Yr

500 42ND Street #4, Rock Island, IL 61201

Office space offers a flexible configuration with potential for subdivision and remodeling.

Space Size15,321 SF
Property Size60,000 SF
Days on Market1815

Property Features for 500 42ND Street #4

General Information

Standard status Active
Size 15,321 SF
Class B
Zoning O1

Space & Availability

Contiguous Space 15,321 SF
Divisible Yes
Space Use Office

Taxes and HOA fees

Annual Taxes $53,513

Building Details

Building Size 60,000 SF
Listing Agency: Hawkeye Commercial Real Estate
Listed By: Shawn Stuenkel · License #S67977000/475.189483
Source: Birdrealtysells
Added: Aug 24, 2021 Changed: Aug 11 Last Checked: Aug 11 at 1:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hawkeye Commercial Real Estate

Investment Insights

Based on property information with market context.

This Class B office property provides 15,321 square feet of commercial workspace in Rock Island, Illinois. The suite can be reconfigured into smaller offices and remodeled to accommodate different layout requirements.

The property is located at 500 42ND Street, Suite 4, and carries O1 zoning. The space is offered for lease and may suit users seeking adaptable office accommodations within an established commercial building.

Key Highlights

  • 15,321 SF of Class B office space
  • Suite can be subdivided into smaller office areas
  • Remodeling potential supports layout customization

Property Analytics

Current Use

Partners In Job Training Employment Agency Children & Family Services Social Service Agency LRC Real Estate Real Estate Agency Illinois Department of Employment ... Unemployment Office American Job Center ... Employment Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

244
Businesses Nearby

Demographics for 61201, IL

37,366
Population
17,459
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
17.9 sq mi
ZIP Area
2,087
Density / Sq Mi
$57,260
Median Household Income
$34,541
Median Earnings
$822
Median Rent
$118,300
Median Home Value

Market

Lease Benchmarks for Rock Island, IL

$12.63 /SF/Yr
Avg Asking Price
$7–$15 /SF/Yr
Price Range
4,234 SF
Avg Space Size

This space is priced 19% above the average of $12.63 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space offers a flexible configuration with potential for subdivision and remodeling.
Where is this office units located?
The property is located at 500 42ND Street #4 Rock Island, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 15,321 SF of Class B office space; Suite can be subdivided into smaller office areas; Remodeling potential supports layout customization
More about this property
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