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    950 31St Ave Rock Island, IL 61201

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    For Sale
    Contact for pricing

    5.65 Acres, B3 Zoning, Negotiable Price

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 5.65-acre commercial land parcel presents a unique investment opportunity in Rock Island, Illinois. Located at 950 31st Avenue, the property is zoned B3 - Community Business, offering a wide range of potential development options. The generous lot size provides ample space for a variety of commercial ventures. The current zoning allows for a diverse range of uses, making it suitable for businesses seeking a prominent location in a thriving community. The asking price is negotiable, providing flexibility for potential buyers. The property's strategic location in Rock Island County, with easy access to major transportation routes, further enhances its appeal. Prospective developers should note that the city of Rock Island may consider rezoning applications to accommodate office, residential, or retail uses, expanding the possibilities for this prime piece of real estate. This presents a rare chance to acquire a significant land holding in a desirable location with considerable development potential. Serious inquiries are encouraged to explore the possibilities and discuss terms. The property address is 950 31st Ave, Rock Island, IL 61201.

    Property Features for 950 31St Ave

    General Information

    Property type
    Land
    Lot Size
    246,114 SF

    HighLights

    • 5.65‑acre land parcel available.
    • Price is negotiable.
    • B3 Community Business zoning.
    • Potential for rezoning to accommodate office, residential, or retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -90.584806
    Latitude
    41.4805769

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    FAQs

    What type of property is this?
    Land - 5.65 Acres, B3 Zoning, Negotiable Price
    Where is this land located?
    The property is located at 950 31St Ave Rock Island, IL.
    What are key features of this property?
    This property features: 5.65-acre land parcel available.; Price is negotiable.; B3 Community Business zoning.
    Request Owner's contact information
    950 31St 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
    950 31St Ave Rock Island, IL 61201
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