3055 38th St Rock Island, IL 61201-5667
Prime Rock Island restaurant opportunity awaits! This 1,205 square foot, fully operational eatery is available for $229,000. Located on 0.5 acres at 3055 38th St, this single-story, 1926-built building boasts a convenient drive-thru. The sale includes the building, existing business, and all furniture, fixtures, and equipment (FF&E). Inventory is negotiable. The property features a sit-down bar, deck, and patio, plus a full basement. Recent updates include interior and exterior painting, deck repainting, a new sit-down bar, new restroom flooring, a new water heater, a six-tap beer cooler, and two new floor drains. The restaurant has enjoyed success since its April opening. The property is zoned B-1 and is situated next to the Saukie Golf Course, offering excellent visibility and accessibility. This is a fantastic chance to acquire a thriving business with significant upside potential. Don't miss this opportunity to own a well-established restaurant in a desirable location.
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Hinee’s Brew House on 38th Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
RI · Rock Island, ILCosts & 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.