1636 38th St, Rock Island, IL 61201 For Sale

This is a rare chance to purchase a multi-tenant retail and auto-service property in Rock Island, anchored by a 7-Eleven gas and convenience store with a lease in place through November 2035. The property has a strong mix of tenants including fuel and convenience, a built-to-suit car wash, a multi-bay oil change shop, a laundromat, and a restaurant space. The long-term 7-Eleven lease provides steady income, with additional 7-Eleven-operated space secured through November 2030 for added stability.

Located along 38th Street, one of the city’s main north-south corridors, the property sees strong visibility and easy access to surrounding neighborhoods and retail centers. Positioned just north of the 18th Avenue intersection, it offers convenient entry from multiple directions. Being part of the Quad Cities MSA gives it a built-in customer base and an edge over single-use convenience properties, supporting consistent daily traffic.

The immediate area includes national retailers such as Advance Auto Parts, Hy-Vee, Domino’s Pizza, and Jimmy John’s. Augustana College and the Rock Island Arsenal are also nearby, helping drive daily traffic. The property serves roughly 86,000 residents within a three-mile radius and is part of a broader metro population of more than 381,000, supporting long-term demand.