Property profile

415-417 31St Ave Rock Island, IL 61201

OFF-MARKET
Warehouses
20,800 SF 2.71 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Total area 20,800 SF
Lot 2.71 ac (118,048 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

415-417 31St Ave Rock Island, IL 61201
Rock Island metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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