2904 11th St - Freestanding FOR SALE


Rock Island, IL 61201- West Central Rock Island
$175,000 USD
305-206-1286
2904 11th St, Rock Island, IL for Sale
$175,000 USD
Freestanding - FOR SALE
1/12
null | Request Cap Rate

2904 11th St
Rock Island, IL 61201
West Central Rock Island


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former CSL Plasma | 11K VPD | AUCTION JULY 13-15
  • ±8,654 SF Freestanding Medical Office/Retail (Former CSL Plasma) Available at Significant Discount Below Replacement Cost
  • Nearby Nationals: McDonald’s, Dollar Tree, O’Reilly Auto Parts, Dollar General, USPS
  • ±11,958 VPD Traffic Count Highway Visibility on US-67 (11th Street) and Near Signalized Intersection of 31st Ave with ±5,008 VPD
  • Strategic Location just 2-Mi to UnityPoint Health (276-Beds), Community Health Care, 3-Mi to Augustana College, and 10-Mi to Mercyone (150-Beds)
  • Attractive Demographics with Annual Household Income of ±$79,510 and ±123,939 People and within 5-Mile Radius

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former CSL Plasma

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

B-3

APN/PARCEL ID

16-11-100-051

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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