Dock-High Distribution
For Sale
Contact for pricing
500 31st Avenue, Rock Island, IL 61201
Leased logistics facility with extension options continuing through August 2027.
Property Size90,300 SF
Price / SF$38.21
Days on Market51
Property Features for 500 31st Avenue
General Information
Standard status
Active
Size
90,300 SF
Property subtype
Industrial
Zoning
RI
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$293,475
Building Details
Year Built
1960
Buildings
1
Tenancy
Single
Building Size
90,300 SF
Listing Agency:
Graystone Capital Advisors
Listed By:
Adam Vranian · License #BR706992000
Source:
Crexi
Added: Jul 13
Changed: Aug 30
Last Checked: Sep 1 at 2:01AM
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 Graystone Capital Advisors
Investment Insights
Based on property information with market context.
The property is a 90,300-square-foot dock-high distribution facility constructed in 1960. It is leased to Lanter Delivery Systems and operates as a logistics and delivery facility within an RI-zoned industrial setting.
The current lease runs through August 31, 2027, following exercise of the first extension option. Two additional one-year options remain, each incorporating scheduled rent increases. Beginning September 1, 2026, the scheduled cap rate is 8.51%, with option-year cap rates of 8.93% and 9.38% if exercised.
The current lease runs through August 31, 2027, following exercise of the first extension option. Two additional one-year options remain, each incorporating scheduled rent increases. Beginning September 1, 2026, the scheduled cap rate is 8.51%, with option-year cap rates of 8.93% and 9.38% if exercised.
Key Highlights
- 90,300 SF dock‑high distribution facility
- Leased to Lanter Delivery Systems
- Lease term extends through August 31, 2027
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Leased logistics facility with extension options continuing through August 2027.
Where is this distribution center located?
The property is located at 500 31st Avenue Rock Island, IL.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 90,300 SF dock‑high distribution facility; Leased to Lanter Delivery Systems; Lease term extends through August 31, 2027
