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Walgreens Retail Space
For Sale
Contact for pricing
Pending

1700 1st Ave, Rock Falls, IL 61071

Walgreens occupancy is supported by a recently extended lease with 12.8 years of firm term remaining.

Property SizeContact for details
Days on Market144

Property Features for 1700 1st Ave

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Newmark | Orange County - Irvine
Listed By: Matthew Berres · License #CA 01977909
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 3:17AM

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 Newmark | Orange County - Irvine

Investment Insights

Based on property information with market context.

This retail space is occupied by Walgreens under a recently extended lease. The lease provides 12.8 years of firm term remaining, offering a defined contractual occupancy period for the property at 1700 1st Ave in Rock Falls, Illinois.

S&P assigns a BBB rating, adding a documented credit metric to the lease profile. The asset is offered for sale as retail space.

Key Highlights

  • 12.8 years of firm lease term remaining
  • Recently extended Walgreens lease
  • S&P BBB rating

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

296
Businesses Nearby
178k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 43% Shops & Services 38% Superstores 18% Hotels & Casinos 1%
Caseys Shops & Services
35,081 visits/mo 0.1 miles
Walmart Superstores
31,248 visits/mo 0.2 miles
McDonald's Dining
27,925 visits/mo 0.5 miles
Culver's Dining
25,333 visits/mo 0.2 miles
Burger King Dining
11,079 visits/mo 0.1 miles

Demographics for 61071, IL

13,389
Population
6,612
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
90%
High-School Grad
72.5 sq mi
ZIP Area
185
Density / Sq Mi
$57,909
Median Household Income
$40,698
Median Earnings
$752
Median Rent
$104,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Walgreens occupancy is supported by a recently extended lease with 12.8 years of firm term remaining.
Where is this retail space located?
The property is located at 1700 1st Ave Rock Falls, IL.
What are key features of this property?
This property features: 12.8 years of firm lease term remaining; Recently extended Walgreens lease; S&P BBB rating
(949) 608-2175 Call to check price and availability
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