Improved Endcap Office
For Sale
Contact for pricing
3416 Blackhawk Rd Unit 103, Rock Island, IL 61201
Flexible endcap suite with private offices, open workspace, storage, and abundant windows along Blackhawk Rd.
Property Size10,332 SF
Price / SF$0.00
Days on Market62
Property Features for 3416 Blackhawk Rd Unit 103
General Information
Standard status
Active
Size
10,332 SF
Building Details
Year Built
1981
Listing Agency:
NAI Ruhl Commercial Company
Listed By:
Alex Kelly · License #475.134777/S60345000
(309) 236-5489
Source:
Amyboston.realtopiare
Added: Aug 23
Changed: Oct 4
Last Checked: Oct 7 at 1:06PM
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 NAI Ruhl Commercial Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,000-square-foot endcap office unit combines a private office, conference room, open work area, and storage. The suite also includes two bathrooms and numerous windows, with recent flooring and paint improvements. The space is currently configured as a photography studio and has also been shown vacant in a general office layout.
The property fronts the Blackhawk Rd corridor, which records 25,100 cars per day. The tenant is responsible only for utilities, providing a straightforward operating arrangement for the occupant.
The property fronts the Blackhawk Rd corridor, which records 25,100 cars per day. The tenant is responsible only for utilities, providing a straightforward operating arrangement for the occupant.
Key Highlights
- 1,000 SF endcap office or retail suite
- 25,100 cars per day along the Blackhawk Rd corridor
- One private office, conference room, open work area, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,444
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,880
$1.7M
Cap Rate 7%
$1,220,629
$1.2M
Cap Rate 9%
$949,378
$949.4K
Market Conditions
NOI Build-Up for 10,332 SF
Gross rent
$136.4K $13.20/SF
− Vacancy
−$14.3K −$1.39/SF
EGI
$122.1K $11.81/SF
− OpEx
−$36.6K −$3.54/SF
NOI
$85.4K $8.27/SF
Area
Rock Island County, IL
Vacancy
10.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,880
Cap Rate 7%
$1,220,629
Cap Rate 9%
$949,378
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $87,037 @ 7.0% cap · market cap 669,515.38%
Second Best
Retail
$1.22M
$1.07M – $1.42M
NOI $85,444 @ 7.0% cap · market cap 657,261.54%
Theoretical Best
Healthcare Medical
$1.76M
$1.54M – $2.05M
NOI $123,172 @ 7.0% cap · market cap 947,476.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
286
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
Frequently Asked Questions
What type of property is this?
Office unit - Flexible endcap suite with private offices, open workspace, storage, and abundant windows along Blackhawk Rd.
Where is this office unit located?
The property is located at 3416 Blackhawk Rd Unit 103 Rock Island, IL.
What are key features of this property?
This property features: 1,000 SF endcap office or retail suite; 25,100 cars per day along the Blackhawk Rd corridor; One private office, conference room, open work area, and storage
