1524 38th St 6,000 SF 100% Leased Office Building Rock Island, IL 61201 $375,134 CAD ($62.52 CAD/SF)

**Turnkey cash-flowing investment with four occupied residential units plus first-floor commercial space.**
Opportunity to acquire an established mixed-use property at **1524 38th St in Rock Island** with rental income already in place.
The property features **four residential units above the commercial space**, with all four currently occupied and producing a combined **$2,425 per month in residential rental income.**
Current residential rents:
* **Unit A:** $675/month
* **Unit B:** $650/month
* **Unit C:** $600/month
* **Unit D:** $500/month
That's **$29,100 in current annual residential rental income** before considering any income or value associated with the commercial portion of the property.
The **ground-floor commercial unit is currently owner-occupied**, giving the next owner additional flexibility. Continue using the space for a business, occupy it personally, or explore leasing the commercial unit for additional income.
This is being offered as an **occupied investment property**, allowing a new owner to acquire an existing income stream rather than starting from scratch with a vacant building.
### Investment Highlights
* Four occupied residential units
* **$2,425/month current residential rent**
* **$29,100/year current residential rental income**
* Ground-floor commercial space
* Commercial unit currently owner-occupied
* Existing tenant base and documented rental history
* Mixed-use income potential
* Opportunity to generate additional revenue from the commercial space
* Property to remain occupied through the sale
### Operating Expense Information
Historical expenses have included:
* **Utilities:** Approximately $200-$700/month depending on billing cycle, including MidAmerican Energy and Rock Island Water
* **Management:** Approximately $50-$70/month
* **Maintenance/Repairs:** Approximately $40-$700 per job depending on work required
* Additional fees and repairs vary as incurred
For an investor looking for an **income-producing Rock Island property with existing residential cash flow and additional commercial potential**, 1524 38th St deserves a look.
The residential units are already generating income.
The tenants are already in place.
And the commercial space gives the next owner another piece of the property to put to work.
**Contact us for additional property information, financials, lease details, and to schedule a showing.**