Grocery and Convenience Store
For Sale
$650,000
2933 18th Ave, Rock Island, IL 61201
Established retail property positioned across from HyVee and beside several national and local commercial businesses.
Property Size3,780 SF
Price / SF$171.96
Days on Market30
Property Features for 2933 18th Ave
General Information
Standard status
Active
Size
3,780 SF
Building Details
Year Built
2006
Listing Agency:
Hawkeye Commercial Real Estate
Listed By:
Chris Wilkins · License #475139041
(563) 344-4295
Source:
Amyboston.realtopiare
Added: Sep 6
Changed: Sep 11
Last Checked: Oct 4 at 2:09PM
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 grocery and convenience store property measures 3,780 and was built in 2006. The site is located at 2933 18th Ave in Rock Island, Illinois, within an established retail setting.
The property is across from HyVee and next to Walgreens, Checkers, KFC, and Wells Fargo, placing it among a concentration of recognizable retail, restaurant, banking, and service operators.
The property is across from HyVee and next to Walgreens, Checkers, KFC, and Wells Fargo, placing it among a concentration of recognizable retail, restaurant, banking, and service operators.
Key Highlights
- 3,780 property size
- Built in 2006
- 2933 18th Ave, Rock Island, IL 61201
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,457
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,140
$889.1K
Cap Rate 7%
$635,100
$635.1K
Cap Rate 9%
$493,967
$494.0K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$61.2K $16.20/SF
− Vacancy
−$2.0K −$0.52/SF
EGI
$59.3K $15.68/SF
− OpEx
−$14.8K −$3.92/SF
NOI
$44.5K $11.76/SF
Area
Rock Island County, IL
Vacancy
3.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,140
Cap Rate 7%
$635,100
Cap Rate 9%
$493,967
Alternative Uses
Best Use
Specialty Retail
$635.1K
$555.7K – $741.0K
NOI $44,457 @ 7.0% cap · market cap 6.84%
Second Best
Retail
$446.6K
$390.8K – $521.0K
NOI $31,260 @ 7.0% cap · market cap 4.81%
Theoretical Best
Healthcare Medical
$643.8K
$563.3K – $751.1K
NOI $45,063 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
116k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 40%
Shops & Services 12%
Home Improvements & Furnishings 3%
Hy-Vee
Groceries
46,901 visits/mo
0.1 miles
McDonald's
Dining
29,497 visits/mo
0.1 miles
Checkers
Dining
8,573 visits/mo
0.1 miles
Shell
Shops & Services
8,439 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,746 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Hy-Vee — 2930 18th Ave, Rock Island, IL 61201
- Hy-Vee Grocery Store — 2930 18th Ave Ste 102, Rock Island, IL 61201
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established retail property positioned across from HyVee and beside several national and local commercial businesses.
Where is this grocery and convenience store located?
The property is located at 2933 18th Ave Rock Island, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,780 property size; Built in 2006; 2933 18th Ave, Rock Island, IL 61201
