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1600 38th St
Rock Island, IL 61201
Drive-Thru Restaurant · Retail Property For Sale
Investment Highlights
- Freestanding 1,544 SF building on a 0.41-acre parcel with existing drive-thru infrastructure.
- Monument signage and canopy in place for immediate branding opportunities.
- Zoned B-3, allowing for a wide range of retail and service uses.
- Located near Augustana College, providing a steady flow of student and local traffic.
- Strong surrounding demographics with over 163,000 residents and 72,000 employees within five miles.
- Positioned on a high-visibility corner lot with excellent site functionality.
Executive Summary
This property offers a rare opportunity to acquire a freestanding retail building with an existing drive-thru, ideally suited for quick-service restaurant or coffee concepts. Positioned on a 0.41-acre parcel, the site provides excellent visibility and accessibility from a high-traffic corridor near Augustana College. The building includes existing drive-thru lanes, canopy, and monument signage, reducing upfront costs for conversion and accelerating time to market for new operators.
The surrounding area features strong demographics, with a population of over 163,000 and an average household income exceeding $85,000 within a five-mile radius. The property benefits from proximity to major roadways and a dense employment base of more than 72,000 workers, ensuring consistent customer traffic throughout the day.
This asset is well-suited for owner-users or investors seeking a property with built-in functionality and long-term adaptability. Its B-3 zoning supports a variety of retail and service uses, making it a flexible option in a growing market.
The surrounding area features strong demographics, with a population of over 163,000 and an average household income exceeding $85,000 within a five-mile radius. The property benefits from proximity to major roadways and a dense employment base of more than 72,000 workers, ensuring consistent customer traffic throughout the day.
This asset is well-suited for owner-users or investors seeking a property with built-in functionality and long-term adaptability. Its B-3 zoning supports a variety of retail and service uses, making it a flexible option in a growing market.
Property Facts
Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
1,544 SF
Building Class
C
Year Built
1977
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.38 AC
Zoning
B-3 - B-3 Community Business
Parking
11 Spaces (6.95 Spaces per 1,000 SF Leased)
Frontage
155’ on 38th Street
Property Taxes
| Parcel Number | 16-01-230-012 | Improvements Assessment | $91,472 |
| Land Assessment | $39,924 | Total Assessment | $131,396 |
Property Taxes
Parcel Number
16-01-230-012
Land Assessment
$39,924
Improvements Assessment
$91,472
Total Assessment
$131,396
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