Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2929 5th Ave Rock Island, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    76,196 SF warehouse space available for lease.

    Type:INDUSTRIAL
    Property size:
    76,196 SF
    Lot size:
    3.44 Acres
    Price / SF:
    $45/SF
    Added:
    Feb 17, 2023
    Days on Market:
    1167
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 2929 5th Ave

    General Information

    Standard status
    Active
    Size
    76,196 SF
    Lot size
    3.44 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 2929 5th Ave Contact us

    We can help!

    Listing Contact
    Michael Minard
    Michael Minard

    Listing agent Michael Minard License #475136684

    Listing office JLL

    Listing date Feb 17, 2023

    Source Moodyscre

    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 JLL

    Overview

    Rock Island Warehouse For Rent

    This 76,196 square foot warehouse property is available for rent. It features an 18-foot clear height, ESFR sprinkler system, and a backup generator. The property includes three dock-doors and eleven overhead doors. It is equipped with two 480V panels providing a total of 1,600 Amps. Tenant improvement allowance is negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rilco Corporate Headquarters ... Corporate Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rock Island
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.557
    Latitude
    41.5082

    Nearby Similar for Sale

    • $94,900

      Rock Island Redone Duplex

      Completely redone duplex, potential for conversion to single-family home.
      801 41st Street, Rock Island, IL 61201
      View Details
    • $79,900

      Turnkey Multifamily Property in Rock Island

      Fully occupied duplex in Rock Island with recent upgrades.
      1600 9TH Street, Rock Island, IL 61201
      View Details
    • $285,000
      41,600 SF

      Downtown Rock Island Three-Story Building

      Three-story building in downtown Rock Island with river views.
      1600 2nd Ave, Rock Island, IL
      View Details
    • $2,900,000
      42,000 SF

      Rock Island Apartment Community

      48-unit apartment community in Rock Island, Illinois.
      1103 25th Street, Rock Island, IL, 61201
      View Details
    • $2,434,592

      Rock Island Retail and Auto-Service

      Multi-tenant property anchored by 7-Eleven with long-term lease.
      1636 38th St, Rock Island, IL 61201
      View Details
    • $260,000
      25,889 SF

      Former Day Care Facility

      Day care facility with classrooms, gym, pool, and playground.
      229 16th St, Rock Island, IL
      View Details
    • Contact for pricing
      242,498 SF

      Rock Island Commercial Property

      Large commercial property available in Rock Island, Illinois.
      2916 78th Ave, Rock Island, IL 61201
      View Details
    • Contact for pricing
      76,196 SF

      Rock Island Specialty Property

      76,196 SF specialty property in Rock Island, Illinois.
      2929 5th Ave, Rock Island, IL 61201
      View Details
    • $2,022,545
      13,656 SF

      Rock Island Retail Opportunity

      Retail property available in Rock Island, Illinois.
      3100 11th St, Rock Island, IL
      View Details
    • Contact for pricing
      1,544 SF

      Drive-Thru Restaurant Near Augustana College

      Freestanding 1,544 SF drive-thru restaurant on 0.41-acre lot.
      1600 38th St, Rock Island, IL 61201
      View Details
    • $200,000
      5,412 SF

      Downtown Rock Island Mixed-Use Building

      Three-story building with retail, restaurant space and upper-level apartments.
      1608 2ND Avenue, Rock Island, IL 61265
      View Details
    • $399,000
      37,030 SF

      Rock Island Center Mixed-Use Building

      37,030 SF mixed-use building in Downtown Rock Island.
      1730 2ND Avenue, Rock Island, IL 61201
      View Details

    FAQs

    What type of property is this?
    Warehouse - 76,196 SF warehouse space available for lease.
    Where is this warehouse located?
    The property is located at 2929 5th Ave Rock Island, IL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Two 480V panels with 1,600 Amps total; Backup generator for uninterrupted power; 11 Overhead Doors for easy access
    (563) 508-4649 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Minard
    Michael Minard
    Real Estate License ID: 475136684
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!