NOT LISTED FOR SALE

7800 51st St W Unit W Rock Island, IL 61201

Southwest Rock Island Neighborhood

Estimated Value: $12,005,546

-- Bed
-- Bath
-- Sq Ft
37.06 Acres

Last Sold February 21, 2013

Last sale price $7,410,000

Est. 62% increase in value since last sale

Current estimated payment $87,948/month

296 Days on Market

About This Home

As of February 2013

Class A 241,950 SF tilt-up concrete warehouse located on 37.06 acres in Rock Island's Southwest Business Park. 211,950 SF warehouse has 35' sidewalls, and 30,000 SF office/showroom has 22' ceilings. Twenty 9'x10' truck doors and two 12'x14' drive-in doors. 4600 amps 480V-3 Phase power. ESFR sprinkler system with 14.0 K-factor. Existing pallet rack available.

Last Agent to Sell the Property

Charlie Armstrong

NAI Ruhl Commercial Company License #S41067000/475.130998 Listed on: 03/27/2012

NAI Ruhl Commercial Company

Co-Listed By

Alexander Kelly

NAI Ruhl Commercial Company License #475.134777/S60345000

Last Buyer's Agent

Roger Leese

Roger Leese-REALTOR License #B05260000/471.003465

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $198,122

Year Built

  • Built in 2000

Lot Details

  • 37.06

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, internal maintenance, janitorial, trash, snow/lawn, gas, electric, heating, water/sewer
  • The owner pays for structural maintenance

Property Details

Property Type

Other

Est. Annual Taxes

$198,122

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Industrial
  • Year Built: 2000
  • Handicap Modified: Yes
  • Three Phase: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Reinforced Concrete
  • Maximum Ceiling Ht Feet: 35
  • Min Ceiling Ht Feet: 35
  • Total Building Sq Ft: 241950
  • Estimated Lot Sq Ft: 871200

Exterior Features

  • Exterior Finish: Concrete
  • Frontage Access: Paved 2Lane, Corner Lot, State Road
  • Insulation: Roof, Side Walls
  • Roof Construction: Membrane
  • Wall Construction: Tiltup Concrete

Garage/Parking

  • Numberparking Spaces Allocated: 350

Utilities

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

Association/Amenities

  • Amenities: Computer Cabling, Fiber Optics

Lot Info

  • Estimated Number of Acres: 37.06
  • Zoning: I-2
  • Geo Subdivision: IL

Rental Info

  • Monthly Lease Rate: 79823
  • Lease Dollar Sq Ft: 3.95
  • Lease Type: Net
  • Owner Pays: Structural Maintenance
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Real Estate Taxes, Insurance, Internal Maintenance, Janitorial, Trash, Snow/Lawn, Gas, Electric, Heating, Water/Sewer
  • Terms Lease: 5 Years, Other Term/Lease

Tax Info

  • Annual Taxes: 198122
  • Parcel Id Number Tax Id: 16-29-101-004 (4629)
  • Estimated Taxes Sq Ft: 0.82
  • Tax Incentive: In City Limit
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2012
Closed on
Feb 1, 2013
Seller's Agent
Charlie Armstrong
NAI Ruhl Commercial Company
Buyer's Agent
Roger Leese
Roger Leese-REALTOR
List Price
$8,620,000
Sold Price
$7,410,000
Premium/Discount to List
-$1,210,000
-14.04%
Current Estimated Value
$12,005,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,595,546
Avg. Annual Appreciation
3.89%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
-- $7,410,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2013 02/21/13 Sold $7,410,000 -14.0% --
01/17/2013 01/17/13 Pending -- -- --
03/27/2012 03/27/12 For Sale $8,620,000 -- --
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

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 $291,562 $3,159,881 $229,656 $2,930,225
2023 $276,445 $2,953,160 $214,632 $2,738,528
2022 $258,715 $2,724,317 $198,000 $2,526,317
2021 $258,617 $2,579,846 $187,500 $2,392,346
2020 $254,354 $2,514,470 $182,749 $2,331,721
2019 $248,205 $2,489,575 $180,940 $2,308,635
2018 $248,205 $2,460,054 $178,794 $2,281,260
2017 $240,757 $2,414,184 $175,460 $2,238,724
2016 $233,246 $2,402,173 $174,587 $2,227,586
2015 $230,712 $2,389,509 $173,667 $2,215,842
2014 $49,530 $2,338,072 $169,929 $2,168,143
2013 $49,530 $2,338,072 $169,929 $2,168,143
Source: Public Records

Agents Affiliated with this Home

  • Charlie Armstrong

    Seller's Agent in 2013

    Charlie Armstrong

    NAI Ruhl Commercial Company

    (563) 529-6600

    2 in this area

    44 Total Sales

    Charlie Armstrong
    Section Image
  • Alexander Kelly

    Seller Co-Listing Agent in 2013

    Alexander Kelly

    NAI Ruhl Commercial Company

    (309) 236-5489

    43 Total Sales

    Alexander Kelly
    Section Image

  • R

    Buyer's Agent in 2013

    Roger Leese

    Roger Leese-REALTOR

    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAQC7027097

RMLS Alliance

APN: 16-29-101-004

Illinois Rock Island County Rock Island 61201 Southwest Rock Island

7800 51st St W Unit W, Rock Island, IL

This home is located at 7800 51st St W Unit W, Rock Island, IL 61201 since 27 March 2012 and is currently estimated at $12,005,546. This property was built in 2000. 7800 51st St W Unit W is a home located in Rock Island County with nearby schools including Rockridge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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