3055 38Th StRock Island, IL 61201

  • Commercial real estate
  • 1,205 SF
For Sale
$229,000 View listing

Property Details for 3055 38Th St

Year built
1926
Construction
FRAME
Lot size
0.48 AC
Property size (Sq ft)
1,205 SF
Zone code
RI
Property type
Commercial real estate
APN
17-07-139-001
APU
1707139001

Description

Prime Rock Island restaurant opportunity awaits! This 1,205 square foot, fully operational eatery is available for $229,000. Located on 0.5 acres at 3055 38th St, this single-story, 1926-built building boasts a convenient drive-thru. The sale includes the building, existing business, and all furniture, fixtures, and equipment (FF&E). Inventory is negotiable. The property features a sit-down bar, deck, and patio, plus a full basement. Recent updates include interior and exterior painting, deck repainting, a new sit-down bar, new restroom flooring, a new water heater, a six-tap beer cooler, and two new floor drains. The restaurant has enjoyed success since its April opening. The property is zoned B-1 and is situated next to the Saukie Golf Course, offering excellent visibility and accessibility. This is a fantastic chance to acquire a thriving business with significant upside potential. Don't miss this opportunity to own a well-established restaurant in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $249,042
    Hospitality
    $228,121
    Educational
    $189,794
    Medical
    $196,321
    Retail
    $295,235

Location Insight

City
Rock Island
County
Rock Island
State
Illinois
Latitude
41.4793
Longitude
-90.5473
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
2022
$5,184
$16,920
$33,757
$50,677
-
$50,760
$101,271
$152,031

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].