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    1710 2Nd Ave Rock Island, IL 61201

    Sponsored
    For Lease
    $3 SF/Yr ($6,168 /Mo)

    Historic building, 22,500 sq ft, fully vacant.

    Lot size:
    22,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 22,500 square foot retail property, located at 1710 2nd Avenue in Rock Island County, Illinois, presents a unique investment opportunity. Built in 1920, this single-building property is zoned B-2 and features a full basement. The entire space, totaling 22,500 square feet, is currently vacant, offering significant potential for redevelopment or lease. Previously occupied by Le Figaro Restaurant, the property retains some existing kitchen equipment, including a hood system. The building's history adds character and charm, while its size and zoning provide flexibility for a variety of commercial uses. The property's APN is Y0719B02. While there is no on-site parking, the B-2 zoning allows for exploration of parking solutions. A previous lease agreement indicated a gross monthly rent of $2,000 for a 7,300 sq ft portion of the space. This property is an ideal canvas for a visionary entrepreneur or investor seeking a substantial presence in the Rock Island district. The substantial square footage and existing infrastructure provide a strong foundation for a successful venture. Serious inquiries are encouraged.

    Property Features for 1710 2Nd Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,500 SF
    Total Rate
    6168.75

    Building Details

    Year Built
    1920
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    7,300 SF
    Rate per SF
    $3

    HighLights

    • Retail property totaling 22,500 square feet.
    • Single‑tenant building with 22,500 square feet currently vacant.
    • Located at 1710 2nd Avenue, Rock Island County, IL.
    • Built in 1920, zoned B‑2.
    • Features a full basement and existing kitchen equipment (hood system included).
    • Previously occupied by Le Figaro Restaurant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -90.575565
    Latitude
    41.51073

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    FAQs

    What type of property is this?
    Retail property - Historic building, 22,500 sq ft, fully vacant.
    Where is this retail property located?
    The property is located at 1710 2Nd Ave Rock Island, IL.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 22,500 square feet.; Single-tenant building with 22,500 square feet currently vacant.; Located at 1710 2nd Avenue, Rock Island County, IL.
    Request Owner's contact information
    1710 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
    1710 2Nd Ave Rock Island, IL 61201
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