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    OFF-MARKET
    Commercial real estate

    1827 1st Ave, Silvis, IL 61282-1009

    7,556 SF Built 1940
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US28-0080914
    Property summary
    AI-generated overview

    This exceptional commercial investment opportunity in Silvis, Illinois, presents a diverse revenue stream. The main building, totaling 7,556 square feet, features a freshly painted 745-square-foot office/retail space on the ground floor, ideal for various businesses. Two additional heated shop spaces, each equipped with overhead doors (one 12'x10', the other 9'x7'), floor drains, and a shared loft for storage, provide ample workshop or storage space. Two half-bathrooms are conveniently located within the shop area. Upstairs, the property boasts two apartments: a one-bedroom unit currently occupied under a month-to-month lease, and a fully renovated two-bedroom unit featuring new flooring, paint, a brand-new full bathroom, and updated kitchen cabinets. The two-bedroom unit has separate utilities and access to shared laundry facilities. The main floor comprises 2,225 square feet, while the upper floor offers 1,519 square feet. Beyond the main building, this property includes a substantial 32' x 130' storage unit with 24 individual units (15 measuring 10' x 20' and 9 measuring 10' x 10'). A 60' x 30' pole barn with three garage bays and an 8' x 45' semi-trailer parking space further enhance the property's versatility. The property's flat roof is approximately six years old, and newer windows have been installed throughout the building. This property offers a unique blend of commercial and residential income potential, making it an attractive investment opportunity. The 0.84-acre lot provides ample space for expansion or future development.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1940
    Total area 7,556 SF
    Zoning code SIL
    APN 09-32-200-022
    UPID US28-0080914
    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
    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
    Mcclintock & Sons LLC · 2 yrs held
    Mcclintock & Sons LLC
    since 2023
    Last sale
    $300,000
    6 recorded transactions
    2023
    $300,000
    2018
    2006
    $200,000
    1999
    $197,000
    1969
    1969
    Zoning & alternative use
    SIL · Silvis, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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