415-417 31St Ave Rock Island, IL 61201
- Warehouses
- 20,800 SF
- 2.71 lot acres
Current Use by Public Records
- Warehouses
Property Details for 415-417 31St Ave
- Lot size
- 2.71 lot acres
- Property size
- 20,800 SF
- Property type
- Warehouses
- Property subtype
- Investment properties
Description
This exceptional investment opportunity presents a fully leased, 20,800 square foot industrial warehouse located at 415-417 31st Ave, Rock Island, Illinois, 61201. The property, zoned I-1, sits on a generous 2.71-acre lot and includes an adjacent vacant lot. The single-tenant building is a one-story structure offering significant potential for long-term income generation. Currently under a 10-year lease with five years remaining, and a five-year option, this provides immediate cash flow and future growth prospects. The asking price for this turnkey investment is $849,000. The property's strategic location in Rock Island County, Illinois, offers easy access to major transportation routes, making it an attractive option for businesses and investors alike. This is a rare opportunity to acquire a stable, income-producing industrial asset with significant upside potential. The sale includes the adjacent vacant lot, adding further value and development possibilities. This property is ideal for investors seeking a strong return on investment in a stable market. The existing lease provides a secure income stream, minimizing risk and maximizing profitability. Don't miss this chance to own a prime piece of industrial real estate in a thriving location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rock Island
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.5927
- Latitude
- 41.4801