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    1704 2Nd Ave Rock Island, IL 61201

    Sponsored
    For Lease
    $6 SF/Yr ($2,001 /Mo)

    Prime Retail Location, 3650 sq ft

    Lot size:
    3,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,650 square foot retail space, located at 1704 2nd Avenue in Rock Island, Illinois, presents a unique investment opportunity. The property, situated in the heart of downtown Rock Island, boasts a rich history as a former bar and nightclub, offering immense potential for a variety of commercial uses. Built in 1870, this 2 ½-story building is zoned B-2, providing flexibility for diverse business ventures. The entire 3,650 square feet is currently vacant, allowing for complete customization to suit your specific needs. The property features one suite within a single building and includes no on-site parking. The APN is 07-35-204-002 in Rock Island County (IL). This property is available for lease at a gross monthly rate of $2,000. Alternatively, the entire building is also available for purchase at $199,500. This presents a rare chance to acquire a substantial commercial property in a vibrant downtown area with significant redevelopment potential. The property's location in the 61201 zip code offers excellent visibility and accessibility.

    Property Features for 1704 2Nd Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,650 SF
    Total Rate
    2001.42

    Building Details

    Year Built
    1870
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    3,650 SF
    Rate per SF
    $6

    HighLights

    • 3,650 SF retail space at 1704 2nd Avenue, Rock Island, IL.
    • Located in downtown Rock Island's historic district.
    • B‑2 zoning allows for diverse commercial uses.
    • Currently vacant, offering complete customization.
    • Single‑suite building; no on‑site parking.
    • APN: 07‑35‑204‑002, Rock Island County, IL.
    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
    -90.575696
    Latitude
    41.5108185

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Location, 3650 sq ft
    Where is this retail property located?
    The property is located at 1704 2Nd Ave Rock Island, IL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 3,650 SF retail space at 1704 2nd Avenue, Rock Island, IL.; Located in downtown Rock Island's historic district.; B-2 zoning allows for diverse commercial uses.
    Request Owner's contact information
    1704 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
    1704 2Nd Ave Rock Island, IL 61201
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