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Mixed-Use Property with Apartments
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1821-1829 2ND Avenue, Rock Island, IL 61201

Four commercial spaces occupy the main level, with eight apartments arranged across the upper floors.

Property SizeContact for details
Days on Market141

Property Features for 1821-1829 2ND Avenue

General Information

Standard status Active
Property subtype Land

Units

Unit Mix 2 x 1BR/1BA, 6 x 2BR/1BA
Multifamily Units 8

Building Details

Stories 3
Tenancy Multi
Listing Agency: The Hawkeye Group
Listed By: Shawn Stuenkel, CCIM · License #475189483
Source: Crexi
Added: Apr 13 Changed: Aug 29 Last Checked: Aug 29 at 9:41PM

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.

Located in downtown Rock Island, this mixed-use building combines ground-level commercial occupancy with residential units on the floors above. The commercial component includes four storefront spaces: two restaurant premises and two office/retail suites.

The residential portion contains 8 apartments, comprising 2-1BR/1BA units and 6-2BR/1BA units. Lease structures are primarily month to month, while one commercial agreement runs through August of 2026. The restaurants have separate metering and pay their own utilities. The office/retail suites operate under gross leases with utilities included, and residents cover gas and electricity for the apartments.

Key Highlights

  • 8 apartments: 2‑1BR/1BA and 6‑2BR/1BA
  • 4 commercial storefronts on the main level
  • Commercial mix includes 2 restaurants and 2 office/retail suites

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Storage Facility Electrical Service Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tech Support 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.

Lease Details

8
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,046
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

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four commercial spaces occupy the main level, with eight apartments arranged across the upper floors.
Where is this mixed-use property located?
The property is located at 1821-1829 2ND Avenue Rock Island, IL.
What are key features of this property?
This property features: 8 apartments: 2‑1BR/1BA and 6‑2BR/1BA; 4 commercial storefronts on the main level; Commercial mix includes 2 restaurants and 2 office/retail suites
More about this property
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