1827 1St AveSilvis, IL 61282

For Sale
$399,900

Multi-use building, high rental income potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional commercial property in Silvis, Illinois, presents a lucrative investment opportunity. The main building, constructed in 1940, boasts a 745 sq ft freshly painted office/retail storefront on the ground floor, ideal for a variety of businesses. Two heated shop spaces, each equipped with overhead doors (12'x10' and 9'x7'), floor drains, and a loft for storage, offer significant versatility. Two apartments occupy the second floor: a one-bedroom unit (currently rented month-to-month) and a fully updated two-bedroom unit featuring new flooring, paint, a bathroom, and kitchen cabinets. The second floor comprises 1,519 sq ft, while the main floor totals 2,225 sq ft. Beyond the main building, the property includes a substantial 32'x130' storage unit with 24 individual units (15 - 10x20 units and 9 - 10x10 units), a 60'x30' pole barn with three garage bays, and an 8'x45' semi-trailer. The property also benefits from a flat roof (approximately 6 years old) and newer windows throughout. This multi-faceted property offers a diverse range of income streams and significant potential for future growth, making it an attractive investment in a desirable location. The property sits on a large lot at 1827 1st Avenue, Silvis, IL 61282. The asking price is $399,900.

Highlights

  • $399,900 asking price.
  • Silvis, IL location at 1827 1st Avenue, 61282.
  • Three buildings on the property: a two-story commercial building, a storage unit, and a pole barn.
  • Two-story building features a 745 sq ft office/retail space, two heated shop spaces with overhead doors and floor drains, and two apartments (one 1-bedroom, one 2-bedroom).
  • Additional structures include a 32'x130' storage unit with 24 individual units and a 60'x30' pole barn with three garage bays and a semi-trailer.
  • Built in 1940, with a six-year-old flat roof and newer windows.

Property Details for 1827 1St Ave

Property type
Other warehouses, Other retail properties
Year Built
1940
Buildings
3

Location Insight

City
Silvis
County
Rock Island
State
Illinois
Latitude
41.4955255
Longitude
-90.417231
1827 1St Ave, Silvis, Illinois

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1827 1St Ave
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