This exceptional 3,650 square foot retail space, located at 1704 2nd Avenue in Rock Island, Illinois, presents a unique investment opportunity. The property, situated in the heart of downtown Rock Island, boasts a rich history as a former bar and nightclub, offering immense potential for a variety of commercial uses. Built in 1870, this 2 ½-story building is zoned B-2, providing flexibility for diverse business ventures. The entire 3,650 square feet is currently vacant, allowing for complete customization to suit your specific needs. The property features one suite within a single building and includes no on-site parking. The APN is 07-35-204-002 in Rock Island County (IL). This property is available for lease at a gross monthly rate of $2,000. Alternatively, the entire building is also available for purchase at $199,500. This presents a rare chance to acquire a substantial commercial property in a vibrant downtown area with significant redevelopment potential. The property's location in the 61201 zip code offers excellent visibility and accessibility.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$754,360
Hospitality
$690,989
Educational
$574,895
Medical
$594,667
Retail
$894,281
Location Insight
City
Rock Island
County
Rock Island
State
Illinois
Latitude
41.5108
Longitude
-90.5757
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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