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33539779
33539778

1821-1823 2nd Ave, Rock Island, IL 61201

SS
IL 475189483
The Hawkeye Group
Listed by The Hawkeye Group
$624,900
5 days on market
Updated 5 days ago

1821-1823 2nd Ave

Details
APN 0735202011
Property Type Mixed Use, Multifamily (+2)
Sub Type Apartment Building, Storefront (+1)
Square Footage 9,600
Units 8
NOI $16,307
Tenancy Multi
Price per SqFt $65
Class C
Year Built 1874
Buildings 1
Lot Size (SqFt) 13,503
Zoning B-2
Investment Type Stabilized
Ground Lease No
Ownership Limited Liability Corp
Sale Condition For sale by owner

Mixed Use | 9,600 SqFt

Marketing description

Investment opportunity in downtown Rock Island. Property offers 2 commercial storefronts that include 2 office/retails suites on the main level. The 2nd and 3rd floor consist of 8 apartments (2-1BR/1BA and 6-2BR/1BA). All leases are month to month except for one commercial lease that expires in August of 2026. The two office/retail units are gross leases with utilities included. Apartment residents are responsible for gas and electricity.

Investment highlights

Prime downtown Rock Island location

• 2 commercial storefronts with office/retail suites on main level

• 8 residential apartments across 2nd and 3rd floors

— 2 units: 1BR/1BA

— 6 units: 2BR/1BA

• Flexible month-to-month leases (1 commercial lease expires August 2026)

• Office/retail units on gross leases — utilities included

  • • Apartment residents responsible for gas & electricity

Listing Contacts

SS
IL 475189483
The Hawkeye Group
Listed by The Hawkeye Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$16,307.00
$1,358.92/mo

Valuation Metrics

0
DSCR
2.61%
Cap Rate
2.61%
ROI

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Additional Information

Name
Shawn Stuenkel, CCIM
License
475189483
Brokerage
Hawkeye Commercial Real Estate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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