Office Building in Rock Island, Illinois

Office for Sale
Catylist Listing ID: 30251059
Property Subtypes: Office Building
Building Size (RSF): 5,624 SF
Gross Building Area: See Agent
Sale Price: $50,000
Unit Price: $8.89 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/17/2018

Overview / Comments

Suggested Opening Bid: $50,000

Buyer's Premium: 10%

Cooperating Broker's Commission: 2%

Lot Size: Approx. 5,664 SF

Building Size: Approx. 5,624 SF

2016 Taxes: $8,198

PIN #: 09-3831500-6845

Zoning: B-2; Central Business District

This two story, vacant, free-standing professional office building with approx. 5,624 sf is located in the downtown Rock Island central business district.

The current configuration includes: 20 private offices; 1-2 conference rooms; two separate sets of men’s and women’s restrooms; and a fully finished lower level.

Plenty of parking is available in front of the building. The building is well located, one half block from the public parking ramp, with entrances on 16th and 17th Streets.

Located one block from City Hall and Rock Island County building, the area businesses include Moe’s Burgers & Brews, Quad Cities Convention & Visitors Bureau, Holiday Inn Rock Island, YWCA, Circa 21 Dinner Playhouse and the Rock Island Library.

This property has two addresses: 400 16th Street and 1530 4th Avenue.

Additional Details

Nearest MSA: Davenport-Moline-Rock Island
County: Rock Island

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,152 100,421 181,728
Median Age: 33.48 36.92 38.08
Households: 5,269 40,648 75,223


Photograph of Listing Agent

Diana Peterson

SVN AuctionWorks
ICEx Member
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