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2400 24th St
Rock Island, IL 61201
Office Property For Sale
Investment Highlights
- Great location
- Operating Short-Term Rental
- Flexible Commercial Space Options
Executive Summary
Start your dream business in Rock Island: a fully updated 5,600 square foot commercial/residential property with incredible potential. Whether you’re looking for an income-producing investment or a spacious live/work setup, this versatile building offers endless possibilities. This property has been completely updated top to bottom including new 600amp electrical service, updated HVAC, plumbing, gas lines, water heater, flooring throughout, all remodeled bathrooms, and a brand-new roof. Additional upgrades include new garage door openers, flooring throughout, light fixtures, ceiling fans, and complete interior and exterior paint.
The layout features 3 full bathrooms and one half bath, as well as three single-car garage bays—ideal for workspace, storage, or parking. The upper level offers a large apartment that could easily be converted into two separate units. It currently includes 2 to 3 bedrooms, two full bathrooms, and a washer and dryer. The main level has the potential for two to three commercial spaces, depending on how the space is utilized. The flat roof is ready for that amazing rooftop deck to be built for entertaining!
This property sits on a large lot and is located near the hospital, Arsenal, and Augustana College, making it an excellent opportunity for Airbnb, office, retail, or residential rental. Whether you’re an investor, entrepreneur, or someone looking for a large, flexible living space—this one’s for you. Note: any financials reported are a projection and not actual. List agent is related to seller.
The layout features 3 full bathrooms and one half bath, as well as three single-car garage bays—ideal for workspace, storage, or parking. The upper level offers a large apartment that could easily be converted into two separate units. It currently includes 2 to 3 bedrooms, two full bathrooms, and a washer and dryer. The main level has the potential for two to three commercial spaces, depending on how the space is utilized. The flat roof is ready for that amazing rooftop deck to be built for entertaining!
This property sits on a large lot and is located near the hospital, Arsenal, and Augustana College, making it an excellent opportunity for Airbnb, office, retail, or residential rental. Whether you’re an investor, entrepreneur, or someone looking for a large, flexible living space—this one’s for you. Note: any financials reported are a projection and not actual. List agent is related to seller.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,549 SF
Building Class
C
Year Built/Renovated
1960/2025
Price
$740,175 CAD
Price Per SF
$133.39 CAD
Cap Rate
10.65%
NOI
$78,798 CAD
Percent Leased
33%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,775 SF
Building FAR
0.24
Lot Size
0.53 AC
Zoning
Improved Commercial
Parking
11 Spaces (1.98 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
- Air Conditioning
- Fiber Optic Internet
Property Taxes
| Parcel Number | 16-11-200-007 | Improvements Assessment | $70,895 CAD |
| Land Assessment | $25,850 CAD | Total Assessment | $96,746 CAD |
Property Taxes
Parcel Number
16-11-200-007
Land Assessment
$25,850 CAD
Improvements Assessment
$70,895 CAD
Total Assessment
$96,746 CAD
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