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Drive-Thru Restaurant 1600 38th St 1,583 SF Retail Building Rock Island, IL 61201 For Sale

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Investment Highlights

  • Freestanding 1,544 SF building on a 0.41-acre parcel with existing drive-thru infrastructure.
  • Monument signage and canopy in place for immediate branding opportunities.
  • Zoned B-3, allowing for a wide range of retail and service uses.
  • Located near Augustana College, providing a steady flow of student and local traffic.
  • Strong surrounding demographics with over 163,000 residents and 72,000 employees within five miles.
  • Positioned on a high-visibility corner lot with excellent site functionality.

Executive Summary

This property offers a rare opportunity to acquire a freestanding retail building with an existing drive-thru, ideally suited for quick-service restaurant or coffee concepts. Positioned on a 0.41-acre parcel, the site provides excellent visibility and accessibility from a high-traffic corridor near Augustana College. The building includes existing drive-thru lanes, canopy, and monument signage, reducing upfront costs for conversion and accelerating time to market for new operators.
The surrounding area features strong demographics, with a population of over 163,000 and an average household income exceeding $85,000 within a five-mile radius. The property benefits from proximity to major roadways and a dense employment base of more than 72,000 workers, ensuring consistent customer traffic throughout the day.
This asset is well-suited for owner-users or investors seeking a property with built-in functionality and long-term adaptability. Its B-3 zoning supports a variety of retail and service uses, making it a flexible option in a growing market.

Attachments

Brochure

Taxes & Operating Expenses (Actual - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2026) Click Here to Access

Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,583 SF
Building Class
C
Year Built
1977
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.39 AC
Zoning
B-3 - B-3 Community Business
Parking
11 Spaces (6.95 Spaces per 1,000 SF Leased)
Frontage
155’ on 38th Street

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,544 SF
  • Restaurant
  • -
  • Jul 2026

- Rare drive-thru restaurant building positioned on a high-visibility corner lot near Augustana College - 1,544 SF freestanding building on a .41-acre parcel, offering excellent access and site functionality - Existing drive-thru lanes, canopy, and monument signage already in place—ideal for QSR or coffee users - Strong surrounding demographics with 163,327 population, $85,669 average household income, and 72,081 employees within 5 miles

Space Size Space Use Position Available
1st Floor 1,544 SF Restaurant - Jul 2026

1st Floor

Size
1,544 SF
Space Use
Restaurant
Position
-
Available
Jul 2026

1st Floor

Size 1,544 SF
Space Use Restaurant
Position -
Available Jul 2026

- Rare drive-thru restaurant building positioned on a high-visibility corner lot near Augustana College - 1,544 SF freestanding building on a .41-acre parcel, offering excellent access and site functionality - Existing drive-thru lanes, canopy, and monument signage already in place—ideal for QSR or coffee users - Strong surrounding demographics with 163,327 population, $85,669 average household income, and 72,081 employees within 5 miles

Walk Score®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Hy-Vee
Village Inn
Checkers
YMCA
CrossFit
Starbucks
Jewel-Osco
Rent-A-Center

Property Taxes

Property Taxes

Parcel Number
16-01-230-012
Land Assessment
$54,671 CAD (2024)
Improvements Assessment
$125,259 CAD (2024)
Total Assessment
$179,930 CAD (2024)
  • Listing ID: 39475628

  • Date on Market: 2026-02-18

  • Last Updated:

  • Address: 1600 38th St, Rock Island, IL 61201

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