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    908 1St Ave Silvis, IL 61282

    Sponsored
    For Sale
    $225,000

    Historic Building, Multiple Uses, Great Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 908 1st Avenue in Silvis, Illinois, presents a unique investment opportunity. Built in 1912, this single-building property offers versatile space suitable for a variety of businesses. The asking price is $225,000. The building's adaptable layout makes it ideal for restaurants, bars, dance studios, office spaces, or retail establishments. The property includes a convenient drive-up window, perfect for quick service or customer convenience. Recent upgrades include a newer roof and newer furnaces, minimizing immediate maintenance needs and ensuring energy efficiency. The property is classified as land, office, and retail, reflecting its diverse potential. Situated in Rock Island County, Illinois, with a zip code of 61282, this location offers excellent visibility and accessibility. The property's rich history combined with its modern updates creates a compelling opportunity for a savvy investor seeking a high-return property with significant upside potential. The building's adaptable nature allows for creative business ventures, making it an attractive option for entrepreneurs and established businesses alike. This is a chance to own a piece of Silvis history while capitalizing on its future growth.

    Property Features for 908 1St Ave

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1912
    Buildings
    1

    HighLights

    • $225,000 asking price.
    • Land, office, and retail property types available.
    • 1912 construction, single building.
    • Located at 908 1ST Avenue, Silvis, IL 61282.
    • Versatile space suitable for bar, dance studio, office, restaurant, or retail use.
    • Features a newer roof, drive‑up window, and newer furnaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -90.4151785
    Latitude
    41.511888

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    FAQs

    What type of property is this?
    Restaurant - Historic Building, Multiple Uses, Great Location
    Where is this restaurant located?
    The property is located at 908 1St Ave Silvis, IL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: $225,000 asking price.; Land, office, and retail property types available.; 1912 construction, single building.
    Request Owner's contact information
    908 1St Ave Silvis, IL 61282
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    Silvis, IL 61282
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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
    908 1St Ave Silvis, IL 61282
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