Mixed-Use Downtown Income
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1821-1823 2nd Ave, Rock Island, IL 61201
Downtown Rock Island mixed-use building with storefront office/retail suites plus apartments across multiple upper floors.
Property Size9,600 SF
Price / SF$65.09
Days on Market61
Property Features for 1821-1823 2nd Ave
General Information
Standard status
Active
Size
9,600 SF
Class
C
Property subtype
Mixed Use, Multifamily, Office, Retail
Zoning
B-2
Investment Type
Stabilized
Net Operating Income
$16,307
Units
Multifamily Units
8
Office Units
2
Building Details
Year Built
1874
Buildings
1
Stories
3
Units
8
Tenancy
Multi
Listing Agency:
The Hawkeye Group
Listed By:
Shawn Stuenkel, CCIM · License #475189483
Source:
Crexi
Added: Jun 12
Changed: Aug 10
Last Checked: Aug 10 at 4:16PM
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 The Hawkeye Group
Investment Insights
Based on property information with market context.
This mixed-use property includes two commercial storefronts with two office/retail suites on the main level. The upper floors are built for residential use, with the 2nd and 3rd floor totaling eight apartments: two 1-bedroom/1-bath units and six 2-bedroom/1-bath units. Commercial leases are structured as gross leases with utilities included for the two office/retail units. Residential utility responsibility is split, with apartment residents responsible for gas and electricity. Lease terms are primarily month-to-month, with one commercial lease that expires in August of 2026.
The property is located in downtown Rock Island, IL at 1821-1823 2nd Ave. It is configured as a single building combining street-level retail and office/retail space with multi-unit residential living above.
For buyers seeking an income-producing setup, the building offers both commercial and residential components under one roof. The month-to-month framework, along with the single commercial lease scheduled to expire in August of 2026, provides near-term flexibility while maintaining an existing mix of tenant types and unit sizes.
The property is located in downtown Rock Island, IL at 1821-1823 2nd Ave. It is configured as a single building combining street-level retail and office/retail space with multi-unit residential living above.
For buyers seeking an income-producing setup, the building offers both commercial and residential components under one roof. The month-to-month framework, along with the single commercial lease scheduled to expire in August of 2026, provides near-term flexibility while maintaining an existing mix of tenant types and unit sizes.
Key Highlights
- Mixed‑use downtown Rock Island building with 2 commercial storefronts and 8 apartments across the upper floors
- Main level features 2 office/retail suites; both are gross leases with utilities included
- Apartment mix totals 8 units: two 1BR/1BA units and six 2BR/1BA units
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Downtown Rock Island mixed-use building with storefront office/retail suites plus apartments across multiple upper floors.
Where is this apartment building located?
The property is located at 1821-1823 2nd Ave Rock Island, IL.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Mixed‑use downtown Rock Island building with 2 commercial storefronts and 8 apartments across the upper floors; Main level features 2 office/retail suites; both are gross leases with utilities included; Apartment mix totals 8 units: two 1BR/1BA units and six 2BR/1BA units
