1606 2nd Avenue, Rock Island, IL 61201
Rock Island County
Key Facts
Description
Turnkey investment opportunity with income, upside, and character-all in one. This mixed-use building blends modern updates with timeless charm, starting with a fully renovated commercial space on the main level. 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 possibilities here are wide open-imagine a trendy cocktail lounge, coffee shop, boutique retail space, barbershop, salon, or even a creative studio or co-working hub. Even better, the commercial unit is also 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. Currently rented at $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. Currently rented at $1,250/month, also with upside potential. With strong existing income, value-add opportunity, and a versatile commercial space ready for multiple business concepts, this property is ideal for investors or owner-operators looking to maximize returns while owning a standout building. Commercial Unit can be shown anytime. Tenant occupied units need 48 hour notice. Tenants prefer a time after 3pm if possible.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1920
Stories
3
Lot Size
6,000 sq ft
Lot Dimensions
100 x 55
Zoning
COMMR
Days on Market
113
MLS® Listing#
12604692
Property Features
Cooling
Construction
Foundation
Financial Details
Annual Taxes
$4,334
Tax year 2024
Parcel Number
0735109002
Directions
2nd ave in the District
Affordability Calculator
$59,980
Estimated monthly payment
$1,596/mo
Principal $239,920 · Est. interest $334,710 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Rock Island, IL
- 46
- Median Days on Market
- 1,405
- Median Sq Ft
- $112
- Median Price / Sq Ft
- 144
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Rock Island, IL.
Location
Getting Around
Points of Interest in Rock Island, IL
Showing the Rock Island area map.
Nearby Schools
Rock Island/Milan School District 41
School · 0.5 mi away
Rock Island Academy
School · 0.6 mi away
Hawthorne-Irving School
School · 0.6 mi away
Ricms
Elementary · 1.0 mi away
Rock Island Center for Math and Science
School · 1.0 mi away
Lincoln Fundamental Elementary School
Elementary · 1.2 mi away
Skip-A-Long Child Development SVC
School · 1.2 mi away
Central High School
Secondary · 1.5 mi away
Jefferson Elementary School
Elementary · 1.5 mi away
Rock Island High School
Secondary · 1.6 mi away
Washington Junior High School
Secondary · 1.8 mi away
Frances Willard Elementary School
Elementary · 1.8 mi away
Davenport Schools
Secondary · 1.8 mi away
smart Intermediate School
Secondary · 1.8 mi away
Longfellow Elementary School
Elementary · 1.8 mi away
JB Young
School · 1.8 mi away
Davenport Community Schools
School · 1.8 mi away
Alleman High School
Secondary · 1.9 mi away
Childrens Village West
School · 1.9 mi away
Madison Elementary School
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2332 Florence Street, Blue Island, IL | $215,000 | 3 | 2 | 1,308 |
| 308 E 2nd Street, Rock Falls, IL | $215,000 | 9 | 3 | 3,740 |
| 220 E ROSE Street, Cave In Rock, IL | $220,000 | 2 | 2 | 1,620 |
| 619 25th Avenue, Rock Island, IL | $225,000 | — | — | 3,236 |
| 2333 Walnut Street, Blue Island, IL | $229,900 | 7 | 4 | 3,250 |
| 2400 27th Street, Rock Island, IL | $230,000 | 3 | 2 | 1,392 |
Moving Cost Estimate
EXIT Agents in Rock Island
Listing Courtesy: Real Broker, LLC - (563) 499-4903
Last Updated: 2026-03-30