For Sale
$950,000

1611 2Nd Ave Rock Island, IL 61201

Two buildings, 34,000 sq ft, investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
131
Exceptional investment opportunity in downtown Rock Island, Illinois. This offering encompasses two buildings totaling nearly 34,000 square feet, presenting a compelling blend of income-generating and redevelopment potential. The Paddock Building (1615-1617 2nd Avenue, PIN # 0735105010), a three-story, elevator-served, ADA-compliant structure, is almost fully leased with professional office tenants and features a large, city-permitted parking lot. The Bailey Building (1611-1613 2nd Avenue, PIN # 0735150009), also three stories, offers approximately 8,000 square feet of commercial space on the main level and roughly 5,300 square feet of open floor plan on the second and third floors. This building presents a blank canvas for redevelopment, with possibilities including multi-family conversion or additional office space. Both buildings are situated in a prime downtown location, providing convenient access to the Centennial Bridge and the Iowa side of the Quad Cities. The property sits on a 0.28-acre lot and is zoned B-2. The asking price is $950,000. Financial details are available upon request. A 24-hour notice is required for showings.

Highlights

  • Exceptional investment opportunity: Two buildings totaling nearly 34,000 square feet in downtown Rock Island, IL, for $950,000.
  • Paddock Building (1615-1617 2nd Ave, PIN # 0735105010): Three-story, elevator-served, ADA-compliant office building, nearly fully leased, with ample parking.
  • Bailey Building (1611-1613 2nd Ave, PIN # 0735150009): Three-story building with 8,000 SF of ground-floor commercial space and 5,300 SF of open space on upper floors, ideal for redevelopment.
  • Prime downtown location: Convenient access to Centennial Bridge and Iowa Quad Cities. 0.28-acre lot, B-2 zoning.
  • 24-hour showing notice required.

Property Details for 1611 2Nd Ave

Property type
Office properties
Square Feet
33,951 SF
Buildings
2
Stories
3
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Rock Island
County
Rock Island
State
Illinois
Latitude
41.510831871148
Longitude
-90.576933536028

FAQs

What type of property is this?
Office property - Two buildings, 34,000 sq ft, investment opportunity.
Where is the office property located?
The property is located at 1611 2Nd Ave Rock Island, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Two buildings totaling nearly 34,000 square feet in downtown Rock Island, IL, for $950,000.; Paddock Building (1615-1617 2nd Ave, PIN # 0735105010): Three-story, elevator-served, ADA-compliant office building, nearly fully leased, with ample parking.; Bailey Building (1611-1613 2nd Ave, PIN # 0735150009): Three-story building with 8,000 SF of ground-floor commercial space and 5,300 SF of open space on upper floors, ideal for redevelopment.
How can I contact the broker?
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1611 2Nd Ave
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