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Property profile & analytics
OFF-MARKET
Commercial real estate

3055 38th St Rock Island, IL 61201-5667

1,205 SF 0.48 ac lot Built 1926
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US28-5346159
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1926
Construction FRAME
Total area 1,205 SF
Lot 0.48 ac (21,120 SF)
Zoning code RI
APN 17-07-139-001
UPID US28-5346159
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
  • Hinee’s Brew House on 38th Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Q-c Pain & Wellness Center INC · 1 yrs held
Q-c Pain & Wellness Center INC
since 2025
Last sale
$190,000
7 recorded transactions
2025
$190,000
2024
$180,000
2016
$125,000
2008
$135,000
2002
$90,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RI · Rock Island, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Ordinance
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