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1612-1636 38th St
Rock Island, IL 61201
Retail Property For Sale
Investment Highlights
- Unique 5-in-1 service-oriented asset featuring fuel, auto service, car wash, laundry, and food service
- Strategically positioned along 38th Street, a primary north-south arterial corridor
- Proximity to Augustana College and major employers, including the Rock Island Arsenal
- Anchored by a 7-Eleven gas and convenience store New 10-year lease for 7-Eleven
- Excellent accessibility near Blackhawk Road with 23,300 vehicles per day
- Deep regional draw within the Quad Cities MSA encompassing over 381,000 residents
Executive Summary
This is a rare chance to purchase a multi-tenant retail and auto-service property in Rock Island, anchored by a 7-Eleven gas and convenience store with a lease in place through November 2035. The property has a strong mix of tenants including fuel and convenience, a built-to-suit car wash, a multi-bay oil change shop, a laundromat, and a restaurant space. The long-term 7-Eleven lease provides steady income, with additional 7-Eleven-operated space secured through November 2030 for added stability.
Located along 38th Street, one of the city’s main north-south corridors, the property sees strong visibility and easy access to surrounding neighborhoods and retail centers. Positioned just north of the 18th Avenue intersection, it offers convenient entry from multiple directions. Being part of the Quad Cities MSA gives it a built-in customer base and an edge over single-use convenience properties, supporting consistent daily traffic.
The immediate area includes national retailers such as Advance Auto Parts, Hy-Vee, Domino’s Pizza, and Jimmy John’s. Augustana College and the Rock Island Arsenal are also nearby, helping drive daily traffic. The property serves roughly 86,000 residents within a three-mile radius and is part of a broader metro population of more than 381,000, supporting long-term demand.
Located along 38th Street, one of the city’s main north-south corridors, the property sees strong visibility and easy access to surrounding neighborhoods and retail centers. Positioned just north of the 18th Avenue intersection, it offers convenient entry from multiple directions. Being part of the Quad Cities MSA gives it a built-in customer base and an edge over single-use convenience properties, supporting consistent daily traffic.
The immediate area includes national retailers such as Advance Auto Parts, Hy-Vee, Domino’s Pizza, and Jimmy John’s. Augustana College and the Rock Island Arsenal are also nearby, helping drive daily traffic. The property serves roughly 86,000 residents within a three-mile radius and is part of a broader metro population of more than 381,000, supporting long-term demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
C
Year Built
1986
Price
$3,333,127 CAD
Price Per SF
$555.52 CAD
Cap Rate
6.75%
NOI
$224,986 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.19
Lot Size
0.74 AC
Zoning
RI
Property Taxes
| Parcel Number | 16-01-230-013 | Improvements Assessment | $335,588 CAD |
| Land Assessment | $92,456 CAD | Total Assessment | $428,044 CAD |
Property Taxes
Parcel Number
16-01-230-013
Land Assessment
$92,456 CAD
Improvements Assessment
$335,588 CAD
Total Assessment
$428,044 CAD
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