Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1827 1St Ave Silvis, IL 61282

    For Sale
    $399,900

    Multi-use building, high rental income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property in Silvis, Illinois, presents a lucrative investment opportunity. The main building, constructed in 1940, boasts a 745 sq ft freshly painted office/retail storefront on the ground floor, ideal for a variety of businesses. Two heated shop spaces, each equipped with overhead doors (12'x10' and 9'x7'), floor drains, and a loft for storage, offer significant versatility. Two apartments occupy the second floor: a one-bedroom unit (currently rented month-to-month) and a fully updated two-bedroom unit featuring new flooring, paint, a bathroom, and kitchen cabinets. The second floor comprises 1,519 sq ft, while the main floor totals 2,225 sq ft. Beyond the main building, the property includes a substantial 32'x130' storage unit with 24 individual units (15 - 10x20 units and 9 - 10x10 units), a 60'x30' pole barn with three garage bays, and an 8'x45' semi-trailer. The property also benefits from a flat roof (approximately 6 years old) and newer windows throughout. This multi-faceted property offers a diverse range of income streams and significant potential for future growth, making it an attractive investment in a desirable location. The property sits on a large lot at 1827 1st Avenue, Silvis, IL 61282. The asking price is $399,900.

    Property Features for 1827 1St Ave

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1940
    Buildings
    3

    HighLights

    • $399,900 asking price.
    • Silvis, IL location at 1827 1st Avenue, 61282.
    • Three buildings on the property: a two‑story commercial building, a storage unit, and a pole barn.
    • Two‑story building features a 745 sq ft office/retail space, two heated shop spaces with overhead doors and floor drains, and two apartments (one 1‑bedroom, one 2‑bedroom).
    • Additional structures include a 32'x130' storage unit with 24 individual units and a 60'x30' pole barn with three garage bays and a semi‑trailer.
    • Built in 1940, with a six‑year‑old flat roof and newer windows.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Silvis
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.417231
    Latitude
    41.4955255

    Nearby Comparable

    • $475,000

      Silvis, IL Commercial Land - $475K

      1.8-acre outlot, high-visibility location.
      0 17Th Ave, Silvis, IL 61282
      View Details
    • $110,000

      Silvis Commercial Land: Prime Opportunity

      Versatile Commercial Building, $110,000
      1705 14Th St, Silvis, IL 61282
      View Details
    • $110,000
      1,836 SF

      Silvis Commercial Building - Huge Potential

      Versatile Commercial Space, Excellent Location
      1705 14Th St, Silvis, IL 61282
      View Details
    • $250,000
      1.24 Acres

      Prime Silvis Commercial Lot

      1.24 Acres, Shovel-Ready, High Visibility
      1111 Ave Of The Cities Unit, Silvis, IL 61282
      View Details
    • Contact for pricing
      1.04 Acres

      Prime Silvis, IL Commercial Land

      Walmart Outlot, High Traffic, C2 Zoning
      1601 18Th St, East Moline, IL 61244
      View Details
    • Contact for pricing
      1.28 Acres

      Walmart Outlot Land - Silvis, IL

      High-traffic location, 1.28 acres.
      1601 18Th St, Silvis, IL 61282
      View Details

    Nearby Similar for Sale

    • $98,900
      2,220 SF

      Silvis Duplex Investment Opportunity

      Duplex in Silvis, Illinois, with both units currently rented.
      224-226 1St Ave, Silvis, IL 61282
      View Details
    • $110,000
      1,836 SF

      Silvis Commercial Building - Huge Potential

      Versatile Commercial Space, Excellent Location
      1705 14Th St, Silvis, IL 61282
      View Details
    • $250,000
      1.24 Acres

      Prime Silvis Commercial Lot

      1.24 Acres, Shovel-Ready, High Visibility
      1111 Ave Of The Cities Unit, Silvis, IL 61282
      View Details

    FAQs

    What type of property is this?
    Distribution property - Multi-use building, high rental income potential.
    Where is this distribution property located?
    The property is located at 1827 1St Ave Silvis, IL.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: $399,900 asking price.; Silvis, IL location at 1827 1st Avenue, 61282.; Three buildings on the property: a two-story commercial building, a storage unit, and a pole barn.
    Request Owner's contact information
    1827 1St Ave Silvis, IL 61282
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1827 1St Ave
    Silvis, IL 61282
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1827 1St Ave Silvis, IL 61282
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.