1710 2Nd AveRock Island, IL 61201

  • Commercial real estate
  • 22,500 SF
For Sale
$400,000 View listing

Property Details for 1710 2Nd Ave

Year built
1920
Property size (Sq ft)
22,500 SF
Zone code
RI
Property type
Commercial real estate
APN
07-35-204-005
APU
735204005

Description

This exceptional 22,500 square foot retail property, located at 1710 2nd Avenue in Rock Island County, Illinois, presents a unique investment opportunity. Built in 1920, this single-building property is zoned B-2 and features a full basement. The entire space, totaling 22,500 square feet, is currently vacant, offering significant potential for redevelopment or lease. Previously occupied by Le Figaro Restaurant, the property retains some existing kitchen equipment, including a hood system. The building's history adds character and charm, while its size and zoning provide flexibility for a variety of commercial uses. The property's APN is Y0719B02. While there is no on-site parking, the B-2 zoning allows for exploration of parking solutions. A previous lease agreement indicated a gross monthly rent of $2,000 for a 7,300 sq ft portion of the space. This property is an ideal canvas for a visionary entrepreneur or investor seeking a substantial presence in the Rock Island district. The substantial square footage and existing infrastructure provide a strong foundation for a successful venture. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,650,162
    Hospitality
    $4,259,524
    Educational
    $3,543,874
    Medical
    $3,665,753
    Retail
    $5,512,693

Location Insight

City
Rock Island
County
Rock Island
State
Illinois
Latitude
41.5107
Longitude
-90.5756
CBSA code
19340
CBSA name
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,362
$20,196
$131,385
$151,581
-
$60,588
$394,155
$454,743

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