1606 2nd Ave, Rock Island, IL 61201

Property Id: 2498726

$334,000 owner will sale!

Turnkey opportunity with income, upside, and character-all in one. This mixed-use building blends modern... updates with timeless charm, starting with a fully renovated main level space! Featuring a newly built bar, durable ceramic tile flooring, and a brand-new bathroom, this space is ready to go from day one! Major systems-including electrical and plumbing-were completely updated in 2026, giving peace of mind for years to come. Look up and you'll notice the standout feature: a ceiling full of character that adds warmth and personality, perfectly complemented by newly installed lighting that creates an inviting, upscale atmosphere. The main level unit is available for lease at $1,500/month, offering flexibility for owner-users or investors.

Upstairs, the property continues to deliver with two spacious residential units: * Unit A - Nearly 1,800 sq ft featuring 2 bedrooms and 2 full baths, beautiful natural hardwood floors, and access to a private rooftop. All for $1,200/month with room for future increases. * Unit B - Approximately 1,500 sq ft with 2 bedrooms and 2 full baths, matching hardwood floors, and a newly installed water heater. $1,250/month the upside potential is endless!

With strong existing income, value-add opportunity, and a versatile main level space ready for multiple ideas and concepts, this property is ideal for investors or owner-occupants looking to maximize returns while owning a standout building. Main level unit can be shown anytime!

Paul-Richard Pierre
Licensed REALTOR® 
IA & IL 
GEA? Brokers LLC Read More