2400 24th St 5,549 SF Vacant Office Building Rock Island, IL 61201 $774,570 CAD ($139.59 CAD/SF) 10.65% Cap Rate

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.