415 31st Ave
Rock Island, IL 61201 West Central Rock Island

$1,034,482 USD

Warehouse For Sale • 20,800 SF

Property Details

Property Type Warehouse
Total Building Size 20,800 SF
Lot Size 1.5 AC
Building Class C
Year Built 1967
Tenancy Single
Zoning I1-Light Industrial

30 Transit Score

30 Walk Score

                
                    Highlights
                
                                Approximately 40% below market rents, with in-place NOI equating to approximately $3.60/SF Net vs an estimated market rental rate of $5.50-6+/SF NNN
                            
                                7.25% cap rate based on scheduled November 1, 2026 NOI
                            
                                Leased to Simmers Crane Design & Services, a Flatiron Crane Company
                            
                                20,800 SF crane-served manufacturing facility with existing bridge crane infrastructure throughout the primary manufacturing area
                            
                                Lease expiration October 31, 2028, with one 5-year renewal option
                            
                                More than $170,000 invested in capital improvements