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    1704 2Nd Ave Rock Island, IL 61201

    Sponsored
    For Sale
    $199,500

    Prime Retail Location, 3,650 SF, $199,500

    Property size:
    3,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property at 1704 2nd Avenue in Rock Island, Illinois, presents a unique investment opportunity. Situated on a 0.06-acre lot in the heart of downtown, this 3,650 square foot building boasts a rich history as a former bar and nightclub. Built in 1870, the two-and-a-half-story structure is zoned B-2, offering considerable flexibility for a variety of commercial uses. The property's substantial size and central location make it ideal for a range of businesses. The asking price is $199,500. The building's 3,650 square feet of net rentable space provides ample room for development and customization. While previously used as a bar and nightclub, its versatile zoning allows for a wide array of potential uses, making it an attractive prospect for entrepreneurs and investors alike. The property is also available for lease at a gross monthly rate of $2,500. This prime downtown location offers excellent visibility and accessibility, ensuring high foot traffic and potential for significant returns. Detailed information regarding the property's history and permitted uses is available upon request.

    Property Features for 1704 2Nd Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,650 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1870
    Buildings
    1
    Stories
    2

    HighLights

    • 1704 2nd Avenue, Rock Island, IL: $199,500 asking price.
    • 3,650 square feet on a 0.06‑acre lot.
    • B‑2 zoning allows for diverse commercial uses.
    • Historic building (1870), previously a bar/nightclub.
    • Also available for lease at $2,500/month gross.
    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, 3,650 SF, $199,500
    Where is this retail property located?
    The property is located at 1704 2Nd Ave Rock Island, IL.
    What is the asking price?
    The asking price for this property is $199,500.
    What are key features of this property?
    This property features: 1704 2nd Avenue, Rock Island, IL: $199,500 asking price.; 3,650 square feet on a 0.06-acre lot.; 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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