Gas Station with Service
For Sale
$289,000
2827 18TH Avenue, Rock Island, IL 61201
Includes two vehicle hoists, tire racks, and tire machines, with equipment remaining in place.
Property Size1,705 SF
Price / SF$169.50
Days on Market67
Property Features for 2827 18TH Avenue
General Information
Standard status
Active
Size
1,705 SF
Property subtype
Commercial
Additional Details
Traffic Count
17,553 vehicles/day
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$9,784
Building Details
Building Size
1,705 SF
Year Built
1962
Listing Agency:
Hawkeye Commercial Real Estate
Listed By:
David Levin
(563) 344-4295
Source:
Fishmangroup
Added: Aug 19
Changed: Oct 23
Last Checked: Oct 23 at 1:23PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,705-square-foot gas station and service garage was built in 1962. The property includes two hoists, tire racks, and tire machines, and the equipment stays with the sale. All tanks have been removed. The property is offered in as-is, where-is condition.
The site is just north of Hy-Vee. The latest reported traffic count is 17,553 vehicles per day.
The site is just north of Hy-Vee. The latest reported traffic count is 17,553 vehicles per day.
Key Highlights
- 1,705‑square‑foot gas station and service garage
- Two hoists, tire racks, and tire machines; equipment stays
- All tanks have been removed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,053
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,060
$401.1K
Cap Rate 7%
$286,471
$286.5K
Cap Rate 9%
$222,811
$222.8K
Market Conditions
NOI Build-Up for 1,705 SF
Gross rent
$27.6K $16.20/SF
− Vacancy
−$884 −$0.52/SF
EGI
$26.7K $15.68/SF
− OpEx
−$6.7K −$3.92/SF
NOI
$20.1K $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%
$401,060
Cap Rate 7%
$286,471
Cap Rate 9%
$222,811
Alternative Uses
Best Use
Specialty Retail
$286.5K
$250.7K – $334.2K
NOI $20,053 @ 7.0% cap · market cap 6.94%
Second Best
Retail
$201.4K
$176.3K – $235.0K
NOI $14,100 @ 7.0% cap · market cap 4.88%
Theoretical Best
Healthcare Medical
$290.4K
$254.1K – $338.8K
NOI $20,326 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
17,553 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Groceries 41%
Shops & Services 10%
Home Improvements & Furnishings 3%
Hy-Vee
Groceries
46,901 visits/mo
0.1 miles
McDonald's
Dining
29,497 visits/mo
0.3 miles
Checkers
Dining
8,573 visits/mo
0.1 miles
Shell
Shops & Services
8,439 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,746 visits/mo
0.1 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
Frequently Asked Questions
What type of property is this?
Gas station - Includes two vehicle hoists, tire racks, and tire machines, with equipment remaining in place.
Where is this gas station located?
The property is located at 2827 18TH Avenue Rock Island, IL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1,705‑square‑foot gas station and service garage; Two hoists, tire racks, and tire machines; equipment stays; All tanks have been removed
