1704 2Nd Ave Rock Island, IL 61201
- Commercial real estate
- 3,650 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1704 2Nd Ave
- Year built
- 1870
- Property size
- 3,650 SF
- Zone code
- RI
- Property type
- Commercial real estate
- APN
- 07-35-204-002
- APU
- 735204002
Description
This exceptional 3,650 square foot retail space, located at 1704 2nd Avenue in Rock Island, Illinois, presents a unique investment opportunity. The property, situated in the heart of downtown Rock Island, boasts a rich history as a former bar and nightclub, offering immense potential for a variety of commercial uses. Built in 1870, this 2 ½-story building is zoned B-2, providing flexibility for diverse business ventures. The entire 3,650 square feet is currently vacant, allowing for complete customization to suit your specific needs. The property features one suite within a single building and includes no on-site parking. The APN is 07-35-204-002 in Rock Island County (IL). This property is available for lease at a gross monthly rate of $2,000. Alternatively, the entire building is also available for purchase at $199,500. This presents a rare chance to acquire a substantial commercial property in a vibrant downtown area with significant redevelopment potential. The property's location in the 61201 zip code offers excellent visibility and accessibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $240,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $240,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $245,000
- Mixed-Use
- $220,000
- Hospitality
- $240,000
- Educational
- $255,000
- Residential Income
- $255,000
- Energy
- $270,000
- Income-Based Land
- $255,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Rock Island
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.5757
- Latitude
- 41.5108
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA