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    1730 2Nd Ave Rock Island, IL 61201

    For Sale
    $399,000

    Iconic 3-story building, prime location.

    Property size:
    37,030 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 1730 2nd Avenue in Rock Island, Illinois, presents a compelling investment opportunity. The 37,030 square foot building sits on a 12,450 square foot lot (APN: 07-35-204-010) and is zoned B-2. This three-story structure boasts a unique blend of commercial and flex space, ideal for a variety of uses. The main level features retail space, while the upper floors offer office space, providing flexibility for diverse tenants. Situated in the heart of downtown Rock Island, the property benefits from its proximity to numerous amenities, including art galleries, restaurants, pubs, nightclubs, and shops. This vibrant area is undergoing a significant revitalization project commencing spring 2024, encompassing street and sidewalk reconstruction, public art installations, enhanced lighting, an outdoor patio district, and a new dog park. The property's strategic location provides convenient access to US-67 and the Centennial Bridge, connecting the Quad Cities region. This multi-tenant building offers a substantial 37,030 square feet of space, making it an attractive investment prospect in a rapidly developing area. The asking price for this landmark property is $399,000.

    Property Features for 1730 2Nd Ave

    General Information

    Property type
    Flex space
    Square Feet
    37,030 SF

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • 37,030 SF building on a 12,450 SF lot in Rock Island, IL (APN: 07‑35‑204‑010).
    • B‑2 zoning allows for flexible commercial and flex space uses.
    • Three‑story building with retail on the main level and office space above.
    • Prime downtown Rock Island location near amenities and undergoing revitalization.
    • Convenient access to US‑67 and the Centennial Bridge.
    • $399,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rock Island Boxing ... Boxing Club The Black Sheep Bar

    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
    -90.574824
    Latitude
    41.5109226

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    FAQs

    What type of property is this?
    Flex space - Iconic 3-story building, prime location.
    Where is this flex space located?
    The property is located at 1730 2Nd Ave Rock Island, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 37,030 SF building on a 12,450 SF lot in Rock Island, IL (APN: 07-35-204-010).; B-2 zoning allows for flexible commercial and flex space uses.; Three-story building with retail on the main level and office space above.
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    1730 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
    1730 2Nd Ave Rock Island, IL 61201
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