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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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