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1524 38th St 6 000 pi² 100% Loué Bureau Immeuble Rock Island, IL 61201 372 697 $ CAD (62,12 $ CAD/pi²)



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Faits saillants de l'investissement
- Mixed-use property offers both residential and commercial income potential
- Existing tenants provide immediate cash flow from day one
- Convenient Rock Island location with access to surrounding Quad Cities communities
Résumé de l'annonce
**Turnkey cash-flowing investment with four occupied residential units plus first-floor commercial space.**
Opportunity to acquire an established mixed-use property at **1524 38th St in Rock Island** with rental income already in place.
The property features **four residential units above the commercial space**, with all four currently occupied and producing a combined **$2,425 per month in residential rental income.**
Current residential rents:
* **Unit A:** $675/month
* **Unit B:** $650/month
* **Unit C:** $600/month
* **Unit D:** $500/month
That's **$29,100 in current annual residential rental income** before considering any income or value associated with the commercial portion of the property.
The **ground-floor commercial unit is currently owner-occupied**, giving the next owner additional flexibility. Continue using the space for a business, occupy it personally, or explore leasing the commercial unit for additional income.
This is being offered as an **occupied investment property**, allowing a new owner to acquire an existing income stream rather than starting from scratch with a vacant building.
### Investment Highlights
* Four occupied residential units
* **$2,425/month current residential rent**
* **$29,100/year current residential rental income**
* Ground-floor commercial space
* Commercial unit currently owner-occupied
* Existing tenant base and documented rental history
* Mixed-use income potential
* Opportunity to generate additional revenue from the commercial space
* Property to remain occupied through the sale
### Operating Expense Information
Historical expenses have included:
* **Utilities:** Approximately $200-$700/month depending on billing cycle, including MidAmerican Energy and Rock Island Water
* **Management:** Approximately $50-$70/month
* **Maintenance/Repairs:** Approximately $40-$700 per job depending on work required
* Additional fees and repairs vary as incurred
For an investor looking for an **income-producing Rock Island property with existing residential cash flow and additional commercial potential**, 1524 38th St deserves a look.
The residential units are already generating income.
The tenants are already in place.
And the commercial space gives the next owner another piece of the property to put to work.
**Contact us for additional property information, financials, lease details, and to schedule a showing.**
Opportunity to acquire an established mixed-use property at **1524 38th St in Rock Island** with rental income already in place.
The property features **four residential units above the commercial space**, with all four currently occupied and producing a combined **$2,425 per month in residential rental income.**
Current residential rents:
* **Unit A:** $675/month
* **Unit B:** $650/month
* **Unit C:** $600/month
* **Unit D:** $500/month
That's **$29,100 in current annual residential rental income** before considering any income or value associated with the commercial portion of the property.
The **ground-floor commercial unit is currently owner-occupied**, giving the next owner additional flexibility. Continue using the space for a business, occupy it personally, or explore leasing the commercial unit for additional income.
This is being offered as an **occupied investment property**, allowing a new owner to acquire an existing income stream rather than starting from scratch with a vacant building.
### Investment Highlights
* Four occupied residential units
* **$2,425/month current residential rent**
* **$29,100/year current residential rental income**
* Ground-floor commercial space
* Commercial unit currently owner-occupied
* Existing tenant base and documented rental history
* Mixed-use income potential
* Opportunity to generate additional revenue from the commercial space
* Property to remain occupied through the sale
### Operating Expense Information
Historical expenses have included:
* **Utilities:** Approximately $200-$700/month depending on billing cycle, including MidAmerican Energy and Rock Island Water
* **Management:** Approximately $50-$70/month
* **Maintenance/Repairs:** Approximately $40-$700 per job depending on work required
* Additional fees and repairs vary as incurred
For an investor looking for an **income-producing Rock Island property with existing residential cash flow and additional commercial potential**, 1524 38th St deserves a look.
The residential units are already generating income.
The tenants are already in place.
And the commercial space gives the next owner another piece of the property to put to work.
**Contact us for additional property information, financials, lease details, and to schedule a showing.**
Bilan financier (Réel - 2025) Cliquez ici pour accéder à |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2025) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Bureau
Sous-type de propriété
Bureau résidentiel
Taille du bâtiment
6 000 pi²
Classe d’immeuble
C
Année de construction
1982
Prix
372 697 $ CAD
Prix par pi²
62,12 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Superficie de plancher typique
3 000 pi²
Coefficient d’occupation des sols de l’immeuble
0,53
Taille du lot
0,26 AC
Zonage
B-1
1 1
Moyennement accessible à pied
60/100
Moyennement adapté aux voitures
60/100
Transports en commun relativement accessibles
50/100
Plutôt accessible en vélo
50/100
Impôts fonciers
| Numéro de lot | 16-01-226-013 | Évaluation totale | 116 314 $ CAD |
| Évaluation du terrain | 16 647 $ CAD | Impôts annuels | (1 $) CAD (0,00 $ CAD/pi²) |
| Évaluation des bâtiments | 99 667 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
16-01-226-013
Évaluation du terrain
16 647 $ CAD
Évaluation des bâtiments
99 667 $ CAD
Évaluation totale
116 314 $ CAD
Impôts annuels
(1 $) CAD (0,00 $ CAD/pi²)
Année d’imposition
2025
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1524 38th St
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