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0 Beds

$299,900

1606 2nd Avenue, Rock Island IL, 61201

Price per sqftN/A
Built in1920
Property typeOther
Listed by Paul-Richard Pierre with Real Broker, LLC (563) 499-4903

Overview

Active

Re-activated

Listed Mar 30, 2026

Updated 29h ago

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.

$1,995/mo

Est. mortgage payment based on a $299,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12604692

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

Taxes
$4,334
Tax Frequency
Annually
MLS provider logo

Listed by Paul-Richard Pierre with Real Broker, LLC (563) 499-4903

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Data is refreshed every 3 hours. Listing last updated 3:55 AM UTC on 11/9/2026. 

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