1827 1St AveSilvis, IL 61282

For Sale
$399,900

Multi-use property with high rental income & storage.

Overview

Added:
Feb 3
Days on market:
40
This exceptional commercial investment opportunity in Silvis, Illinois, presents a diverse revenue stream. The main building, totaling 7,556 square feet, features a freshly painted 745-square-foot office/retail space on the ground floor, ideal for various businesses. Two additional heated shop spaces, each equipped with overhead doors (one 12'x10', the other 9'x7'), floor drains, and a shared loft for storage, provide ample workshop or storage space. Two half-bathrooms are conveniently located within the shop area. Upstairs, the property boasts two apartments: a one-bedroom unit currently occupied under a month-to-month lease, and a fully renovated two-bedroom unit featuring new flooring, paint, a brand-new full bathroom, and updated kitchen cabinets. The two-bedroom unit has separate utilities and access to shared laundry facilities. The main floor comprises 2,225 square feet, while the upper floor offers 1,519 square feet. Beyond the main building, this property includes a substantial 32' x 130' storage unit with 24 individual units (15 measuring 10' x 20' and 9 measuring 10' x 10'). A 60' x 30' pole barn with three garage bays and an 8' x 45' semi-trailer parking space further enhance the property's versatility. The property's flat roof is approximately six years old, and newer windows have been installed throughout the building. This property offers a unique blend of commercial and residential income potential, making it an attractive investment opportunity. The 0.84-acre lot provides ample space for expansion or future development.

Property Details for 1827 1St Ave

Property type
Other commercial real estate
Square Feet
7,556 SF
Year Built
1940
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Silvis
County
Rock Island
State
Illinois
Latitude
41.50979
Longitude
-90.4007
1827 1St Ave, Silvis, Illinois

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1827 1St Ave
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