Industrial Property with Three
80 13th Ave, Rock Island, IL 61201
For Sale
$300,000
The site combines office space, a basement, and two industrial structures with overhead-door access.
Property Size3,000 SF
Price / SF$100
Days on Market39
Property Features for 80 13th Ave
General Information
Standard status
Size
Additional Details
Office Build-Out
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Building Size
Listing Agency:
Mel Foster Co. Commercial
(563) 324-4488
Listed By:
Thad Denhartog, SIOR · License IL B39654000, IL 471.002649
(563) 650-8676
Source:
Exprealty
Added: Oct 2
Changed: Nov 7
Last Checked: Nov 8 at 7:15AM
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 Mel Foster Co. Commercial
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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.
Three buildings make up this industrial property in Rock Island. The office building contains 3,000 square feet, a full basement, and two full bathrooms. A separate 2,088-square-foot industrial building has one overhead door, while the Quonset building is equipped with three overhead doors.
Key Highlights
- Three buildings on an industrial property in Rock Island, IL
- 3,000 sq ft office building with a full basement and two full bathrooms
- 2,088 sq ft industrial building with one O.H. door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,272
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,440
$505.4K
Cap Rate 7%
$361,029
$361.0K
Cap Rate 9%
$280,800
$280.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$43.2K $14.40/SF
− Vacancy
−$9.5K −$3.17/SF
EGI
$33.7K $11.23/SF
− OpEx
−$8.4K −$2.81/SF
NOI
$25.3K $8.42/SF
Area
Rock Island County, IL
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,440
Cap Rate 7%
$361,029
Cap Rate 9%
$280,800
Alternative Uses
Best Use
Office B
$361.0K
$315.9K – $421.2K
NOI $25,272 @ 7.0% cap · market cap 8.42%
Second Best
Warehouse
$334.6K
$292.8K – $390.4K
NOI $23,423 @ 7.0% cap · market cap 7.81%
Theoretical Best
Healthcare Medical
$510.9K
$447.1K – $596.1K
NOI $35,764 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
210
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Industrial properties in Rock Island County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - The site combines office space, a basement, and two industrial structures with overhead-door access.
Where is this industrial property located?
The property is located at 80 13th Ave Rock Island, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three buildings on an industrial property in Rock Island, IL; 3,000 sq ft office building with a full basement and two full bathrooms; 2,088 sq ft industrial building with one O.H. door
