$1 Auction - REIT Sale | Former CSL Plasma 2904 11th St 8,654 SF Retail Building Rock Island, IL 61201 $241,174 CAD ($27.87 CAD/SF)

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in a vacant, free-standing retail building located at 2904 11th Street in Rock Island, Illinois 61201 (the “Property”). Formerly occupied by CSL Plasma, the Property is being offered significantly below replacement cost, presenting a compelling opportunity for owner-users or investors to acquire a highly visible, medical / retail-oriented asset at an attractive basis. FIRST BID MEETS RESERVE!
Built in 1975, the Property consists of a ±8,654 SF free-standing building situated on a ±0.92-acre (±39,995 SF) parcel, with 47 surface parking spaces and a monument sign. Positioned at a hard corner along one of Rock Island’s primary commercial corridors, the site benefits from ±233 feet of frontage along 11th Street/U.S. Highway 67, which sees ±11,958 vehicles per day, as well as ±187 feet of frontage along 29th Avenue, providing strong visibility, and convenient access. Previously leased to CSL Plasma on a NNN basis, the Property offers a compelling value-add opportunity to re-lease at market rents, with CoStar-estimated retail rents in the submarket ranging from $9 to $11/SF NNN. The building features a turnkey medical office layout with exam rooms, private offices, reception area, restrooms, and support space, minimizing upfront build-out costs for a new healthcare, medical office, wellness, service, or retail operator. Zoned B3, Community Business District, the Property supports a wide range of uses, providing flexibility for future tenancy or redevelopment.
Positioned within Rock Island County, Illinois, the Property benefits from a strategic location within the Quad Cities, a bi-state metropolitan region with a population approaching 400,000 across Rock Island, Moline, East Moline, Davenport, and Bettendorf. The regional economy is anchored by major employers including Deere & Company, Rock Island Arsenal, UnityPoint Health, Genesis Health System, Arconic, Hy-Vee, Walmart, HNI Corporation, and Tyson Fresh Meats, creating a broad employment base that supports long-term consumer demand. The site is positioned ±2-Mi from UnityPoint Health, regional healthcare provider with 555 total beds, ±3-Mi from Augustana College, which serves 2,500+ students, within ±2.5-Mi of Downtown Rock Island, and ±10-Mi from MercyOne Genesis Silvis Medical Center, a 150-bed acute care facility and Level III trauma center. The Property is located ±2-Mi from IL-92 (±16,510 VPD), and ±3-Mi from I-280 (20,000+ VPD), with additional regional access supported by nearby connections to U.S. Route 67, I-74, I-80, and I-88, providing connectivity throughout the Illinois and Iowa sides of the Quad Cities. Additional nearby demand drivers include Bally’s Quad Cities Casino & Hotel, the Mississippi Riverfront, Downtown Rock Island, and Downtown Moline, further enhancing the Property’s appeal for medical, retail, service, or redevelopment uses. The Property is also positioned within ±10 minutes of Quad Cities International Airport, which serves more than 500,000 passengers annually and has demonstrated strong post-pandemic recovery and year-over-year passenger growth. The Property is located within a stable trade area of over 46,000 residents within ±3-Mi and nearly 124,000 people within ±5-Mi, with an average household income of ±$79,510, providing a solid consumer base to support medical, retail, service, and commercial uses.