$ 299,900
-
$299,900
Price -
0.14
Acre
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About the Listing 108288 - 1082697,1081110
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.
Listing Highlights for 1606 2nd Ave
Interior Details
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 100 x 55
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $4,334
- Taxes w/Assessments: N/A
- Tax/Property ID: 0735109002
- Tax Year: 2024
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Monthly Payment
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Listing Location
Questions About..
1606 2nd Ave Rock Island, IL 61201
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