1000 1st Ave, Rock Falls, IL 61071-1629
This exceptional 62,000 square foot multi-tenant retail building in Rock Falls, Illinois, presents a compelling investment opportunity. Strategically located at 1000 1st Ave, 61071, this property boasts a prominent position and strong tenant occupancy. Currently housing established businesses such as Ollie's Bargain Outlet, Rent-A-Center, and Dollar General, this center offers immediate cash flow potential. Three vacant suites are available, providing flexibility for a variety of retail uses. The available spaces range in size from 1,800 square feet to 11,088 square feet, with options for combining the larger storage space (11,088 sq ft) with either of the smaller storefront spaces (2,276 sq ft and 1,800 sq ft). The property sits on a substantial 100-acre lot and provides ample parking with 19 spaces. The building's strong tenant mix and prime location make it an attractive investment for both seasoned and emerging investors seeking a stable and growing retail portfolio. The available spaces offer a unique opportunity to expand existing businesses or establish new ventures in a thriving community. This property is ready for immediate occupancy and offers significant upside potential. Contact us today to learn more about this exceptional retail investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.