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    1720 2Nd Ave Rock Island, IL 61201

    Sponsored
    For Sale
    $240,000

    12,000 SF Vacant Bar, Huge Potential

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,000 square foot retail property, located at 1720 2nd Ave in Rock Island, Illinois, presents a unique investment opportunity. The building, constructed in 1870, boasts a two-story structure situated on a 6,098 square foot lot. Currently vacant, the space was previously configured as a bar on the main level, offering significant potential for a variety of retail uses. The flexible B-2 zoning allows for diverse business applications. The second floor provides ample storage space, currently unfinished, but with the potential for multi-family conversion, subject to necessary permits and approvals. The property benefits from a recently replaced sprinkler system, enhancing safety and security. This prime location in the Rock Island District offers high visibility and accessibility, making it an ideal choice for entrepreneurs seeking a substantial space with significant upside. The asking price is $240,000. This is a rare chance to acquire a substantial property with significant redevelopment potential in a vibrant Illinois community. The property's size and location make it an attractive investment for both experienced and emerging business owners. Don't miss this opportunity to own a piece of Rock Island's history and future.

    Property Features for 1720 2Nd Ave

    General Information

    Property type
    Restaurants
    Square Feet
    12,000 SF

    Building Details

    Year Built
    1870
    Buildings
    1
    Stories
    2

    HighLights

    • 12,000 SF retail building at 1720 2nd Ave, Rock Island, IL.
    • Two‑story building on a 6,098 SF lot, built in 1870.
    • Currently vacant, previously a bar; B‑2 zoning allows diverse uses.
    • Second floor offers ample unfinished storage, potential for multi‑family conversion (permits required).
    • Recently replaced sprinkler system.
    • Asking price: $240,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Daycare Center Gym & Fitness

    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
    -90.575382340087
    Latitude
    41.511057523683

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    FAQs

    What type of property is this?
    Restaurant - 12,000 SF Vacant Bar, Huge Potential
    Where is this restaurant located?
    The property is located at 1720 2Nd Ave Rock Island, IL.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: 12,000 SF retail building at 1720 2nd Ave, Rock Island, IL.; Two-story building on a 6,098 SF lot, built in 1870.; Currently vacant, previously a bar; B-2 zoning allows diverse uses.
    Request Owner's contact information
    1720 2Nd Ave Rock Island, IL 61201
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    Rock Island, IL 61201
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    Realmo Value Estimation

    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.

    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.

    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
    1720 2Nd Ave Rock Island, IL 61201
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