NOT LISTED FOR SALE

Estimated Value: $18,000

Studio
-- Bath
6,000 Sq Ft
$3/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2019

Last sale price $650,000 $108 Per Sq Ft

Current estimated payment $115 / mo

303 Days on Market

About This Home

As of May 2019

41,110 Industrial building with 19,110 SF of vacant space and 22,000 SF that has been leased to a national credit tenant for the past 24 years ($93,000 NOI). Many recent improvements completed to the occupied portion of the building. The property is well-located in Rock Island with close proximity to IL-92 and I-280. Great investment opportunity. Please call LA for more information.

Last Agent to Sell the Property

Alexander Kelly

NAI Ruhl Commercial Company License #475.134777/S60345000 Listed on: 04/10/2018

NAI Ruhl Commercial Company

Co-Listed By

Charlie Armstrong

NAI Ruhl Commercial Company License #S41067000/475.130998

NAI Ruhl Commercial Company

Last Buyer's Agent

Charlie Armstrong

NAI Ruhl Commercial Company License #S41067000/475.130998

NAI Ruhl Commercial Company

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,900

Year Built

  • Built in 1976

Lot Details

  • 1.5

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$16,900

Year Built

Built in 1976

Lot Details

1.5 Acres

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Industrial, Office
  • Year Built: 1976
  • Three Phase: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Carpeted, Tile/Vinyl
  • Maximum Ceiling Ht Feet: 16
  • Min Ceiling Ht Feet: 10
  • Total Building Sq Ft: 41110
  • Estimated Lot Sq Ft: 63195

Exterior Features

  • Exterior Finish: Brick, Concrete
  • Frontage Access: Paved 2Lane
  • Insulation: Unknown
  • Roof Construction: Flat
  • Wall Construction: Block

Garage/Parking

  • Numberparking Spaces Allocated: 40

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Security System: Yes
  • Sprinkler: Yes
  • Volts: 480
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 1.5
  • Zoning: C
  • Geo Subdivision: IL
  • Property Use: Warehouse

Rental Info

  • Landlord Contribues T I: Yes
  • Lease Dollar Sq Ft: 2.95
  • Lease Type: Net
  • Owner Pays: None
  • Sale Lease Includes: Building, Land
  • Tenant Pays: All
  • Terms Lease: Yearly, 3 Years, 5 Years

Tax Info

  • Annual Taxes: 16899.64
  • Parcel Id Number Tax Id: 104933
  • Estimated Taxes Sq Ft: 2.45
  • Tax Incentive: None
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2018
Closed on
May 14, 2019
Sold by
Patricia K Floody Declaration Of Trust
Bought by
Tb Wilco Investments Llc
Seller's Agent
Alexander Kelly
NAI Ruhl Commercial Company
Buyer's Agent
Charlie Armstrong
NAI Ruhl Commercial Company
List Price
$750,000
Sold Price
$650,000
Premium/Discount to List
-$100,000
-13.33%
Current Estimated Value
$18,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$632,000
Original Mortgage
$487,500
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2018
Sold by
B & Td Llc
Bought by
Jedc Llc

Purchase Details

Closed on
Dec 1, 1986
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tb Wilco Investments Llc $650,000 Hinshaw & Culbertson Llp
Tb Wilco Investments Llc $650,000 Hinshaw & Culbertson Llp
Jedc Llc -- Eagle James B
Jedc Llc -- Eagle James B
-- $480,000 --
-- $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tb Wilco Investments Llc $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2019 05/14/19 Sold $650,000 -13.3% $108 / Sq Ft
02/07/2019 02/07/19 Pending -- -- --
04/10/2018 04/10/18 For Sale $750,000 -- $125 / Sq Ft
Source: RMLS Alliance

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $23,445 $232,966 $29,900 $203,066
2023 $23,445 $213,144 $27,356 $185,788
2022 $20,453 $199,947 $25,662 $174,285
2021 $20,043 $189,883 $24,370 $165,513
2020 $19,625 $184,711 $23,706 $161,005
2019 $19,413 $182,882 $23,471 $159,411
2018 $18,536 $178,074 $22,854 $155,220
2017 $18,023 $172,155 $22,095 $150,060
2016 $17,484 $172,155 $22,095 $150,060
2015 $17,465 $172,155 $22,095 $150,060
2014 $4,215 $173,456 $22,262 $151,194
2013 $4,215 $173,456 $22,262 $151,194
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAQC7038732

RMLS Alliance

APN: 16-10-215-001

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