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    2827 18Th Ave Rock Island, IL 61201

    Sponsored
    For Sale
    $340,000

    Iconic Location, High Potential, $340,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 2827 18TH Avenue in Rock Island, Illinois, presents a unique investment opportunity. The land, totaling [Area not specified, needs to be added to the property information to complete this description], is zoned for commercial use and boasts a rich history. Built in 1962, the property previously housed Walt's Service, a well-regarded local business known for its personal service, gas, tire, and brake repair. This established location offers immediate visibility and accessibility, benefiting from high traffic volume and a strong local presence. The single existing building on the site provides a solid foundation for redevelopment or repurposing, catering to a variety of commercial ventures. The property's prime location in Rock Island, Illinois, zip code 61201, offers easy access to major transportation routes and a thriving community. This is an ideal opportunity for entrepreneurs and investors seeking a well-positioned commercial property with significant potential for growth and return. The asking price is $340,000. Serious inquiries are encouraged. Further details regarding zoning and potential uses are available upon request.

    Property Features for 2827 18Th Ave

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1962
    Buildings
    1

    HighLights

    • Prime Rock Island, IL location at 2827 18TH Avenue, zip code 61201.
    • Commercially zoned land with a $340,000 asking price.
    • 1962‑built building offering redevelopment or repurposing potential.
    • High visibility and accessibility due to high traffic volume.
    • Ideal for entrepreneurs and investors seeking significant growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cenex Gas Station Walt's Service Gas Station

    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
    Rock Island
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.5600797
    Latitude
    41.4935732

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    FAQs

    What type of property is this?
    Retail property - Iconic Location, High Potential, $340,000
    Where is this retail property located?
    The property is located at 2827 18Th Ave Rock Island, IL.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: Prime Rock Island, IL location at 2827 18TH Avenue, zip code 61201.; Commercially zoned land with a $340,000 asking price.; 1962-built building offering redevelopment or repurposing potential.
    Request Owner's contact information
    2827 18Th 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
    2827 18Th Ave Rock Island, IL 61201
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