O'Neil Property Group

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$299,900
217 Days On Site

1606 2nd Avenue
Rock Island, IL 61201

Mixed Use|Pending
0
Beds
0
Total Baths
1920
Built
County:
Rock Island
Listing Courtesy of MRED as distributed by MLS Grid of Real Broker, LLC
1606 2nd Avenue1606 2nd Avenue1606 2nd Avenue1606 2nd Avenue
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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.

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Listing Snapshot
PriceΒ 
$299,900
Days On SiteΒ 
217 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
N/A
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
1920
MLS NumberΒ 
12604692
StatusΒ 
Pending
Property TaxΒ 
$4,334
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
2 months agoStatus changed to Pending
4 months agoPrice changed to $299,900
7 months agoListing first seen on site
General Features
FoundationΒ 
Block
Property Sub TypeΒ 
Mixed Use
ZoningΒ 
COMMR
Interior Features
CoolingΒ 
Central Air
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Exterior Features
Construction DetailsΒ 
Brick
Community Features
MLS AreaΒ 
Rock Island
Listing Courtesy of MRED as distributed by MLS Grid of Real Broker, LLC



Based on information submitted to the MLS GRID as of 2026-11-03 04:37 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-03 04:37 PM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

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