1612-1636 38th St - Storefront FOR SALE


Rock Island, IL 61201- Hilltop
$2,434,592 USD
949-942-6585
1612-1636 38th St, Rock Island, IL for Sale
$2,434,592 USD
Storefront - FOR SALE
1/4
null | 6.75% Cap Rate

1612-1636 38th St
Rock Island, IL 61201
Hilltop


HIGHLIGHTS

  • Unique 5-in-1 service-oriented asset featuring fuel, auto service, car wash, laundry, and food service
  • Anchored by a 7-Eleven gas and convenience store New 10-year lease for 7-Eleven
  • Strategically positioned along 38th Street, a primary north-south arterial corridor
  • Excellent accessibility near Blackhawk Road with 23,300 vehicles per day
  • Proximity to Augustana College and major employers, including the Rock Island Arsenal
  • Deep regional draw within the Quad Cities MSA encompassing over 381,000 residents

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,434,592 USD

PRICE/SF

$287 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

RI

APN/PARCEL ID

16-01-230-013

ASK ABOUT THIS PROPERTY

Scott ReidParaSell, Inc.More Info
949-942-6585

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Scott ReidParaSell, Inc.More Info
949-942-6585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.