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Property profile & analytics
OFF-MARKET
Commercial real estate

1600 2Nd Ave Rock Island, IL 61201

0.22 ac lot Built 1920
Property ID
US28-2216833
Property summary
AI-generated overview

This exceptional investment opportunity presents a three-story, vacant office building situated in the heart of downtown Rock Island, Illinois. The property, located at 1600 2nd Avenue, boasts a substantial 41,280 square feet of space (approximate measurements), spread across three floors, each approximately 9,600 square feet, a 2,880 square foot mezzanine, and a 9,600 square foot basement. Built in 1920, this Class B building retains many of its original features, including a central staircase and original elevator, adding to its unique character and potential for adaptive reuse. The top floor offers stunning river views. Recent improvements include parapet wall repair and tuck pointing, demonstrating a commitment to maintaining the building's structural integrity. The property sits on a 0.22-acre lot and is zoned for mixed use, opening up a variety of development possibilities. The building is being sold "AS IS," providing an opportunity for buyers to customize and renovate to their specific needs and vision. This is a rare chance to acquire a significant piece of Rock Island's history and revitalize a prominent downtown location. The asking price is $150,000.

Property profile
Verified
Property type Commercial real estate
Year built 1920
Lot 0.22 ac (9,583 SF)
UPID US28-2216833
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Quad Cities Harm Reduction (QCHR) Syringe Access Program Charitable Organization Social Service Agency
  • Kinza Zenabu Piano Studio Tutoring Service
  • Sound Conservatory (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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