1704 2Nd AveRock Island, IL 61201

  • Commercial real estate
  • 3,650 SF
For Lease
$6.58/SF/YR View listing

Property Details for 1704 2Nd Ave

Year built
1870
Property size (Sq ft)
3,650 SF
Zone code
RI
Property type
Commercial real estate
APN
07-35-204-002
APU
735204002

Description

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

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
$6,373
$5,386
$50,256
$55,642
-
$16,158
$150,768
$166,926

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