4703 44th St
Rock Island, IL 61201 Saukie

$2,900,000 USD

Medical For Sale • 43,273 SF

Property Details

Property Type Medical
Total Building Size 43,273 SF
Lot Size 4.36 AC
Building Class C
Year Built 1984
Tenancy Multiple

34 Transit Score

26 Walk Score

                
                    Highlights
                
                                Essential Service Tenant Base: The property is 85.6% occupied and anchored by long-standing medical, behavioral health, and government service users.
                            
                                $362K of Recent Capital Improvements: Ownership completed substantial upgrades in 2024, including new roofs on all four buildings.
                            
                                Long Operating History and Tenant Stickiness: The tenant roster carries a weighted average operating history of 17+ years.
                            
                                 Attractive In-Place Income with Built-In Growth: The asset generates $295,939 in NOI at a 10.20% cap rate.
                            
                                Value-Add Through Lease-Up: The remaining 14.45% vacancy offers a straightforward opportunity to increase NOI.