Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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