- For Sale $1,034,482
- Property Type Industrial - Warehouse/Distribution
- Year Built 1967
- Date Updated Aug 6, 2026
Description
Investment Highlights
- Approximately 40% below market rents, with in-place NOI equating to approximately $3.60/SF Net versus an estimated market rental rate of $5.50-6+/SF NNN
- 25% cap rate based on scheduled November 1, 2026 NOI
- Leased to Simmers Crane Design & Services, a Flatiron Crane Company
- 20,800 SF crane-served manufacturing facility with existing bridge crane infrastructure throughout the primary manufacturing area
- Lease expiration October 31, 2028, with one 5-year renewal option
- More than $170,000 invested in capital improvements within the past 12 months, including:
- New Duro-Last roof installed in 2025 with transferable 15-year warranty
- New asphalt parking lot completed July 2026
- Recent dock door and HVAC improvements
- Attractive basis of approximately $49/SF
Adjacent Land For Sale
- PID: 1610218002
- Land Acres: 1.23 acres
- 2025 Property Tax: $1,999
- Price: $150,000
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Contacts
Justin Felix
Location
Located at 415 31st Ave, Rock Island, IL 61201, this property is part of the West Central Rock Island neighborhood.
Contact Listing Broker
Justin Felix
