Highlights
•Backed by U.S. Government Credit (AA+ S&P Rating) •Well-Maintained, Durable Masonry Construction •Purpose-Built for the SSA in 2001 •10-Year Lease Renewal Commenced on May 24, 2022 •Established, Long-Term Occupancy Since 2001 •High-Traffic Facility Serving Rock Island County •Located Within the Quad Cities Metropolitan Region
Description
The Ficke Team at Colliers has been exclusively retained to offer for sale the Social Security Administration (SSA) property located at 2350 4th Avenue, Rock Island, IL 61021. This single-tenant office facility was built-to-suit for the GSA in 2001 and comprises 9,260 rentable square feet on a 0.47-acre site. The building is well-maintained and currently operates as a high-traffic SSA office serving the entire Rock Island County. In May 2022, the GSA/SSA executed a 10-year lease renewal, with a 5-year firm term expiring on May 24, 2027, and the full term running through May 24, 2032—demonstrating the agency’s long-term commitment to the location. Notably, no tenant improvements were required as part of the renewal, reflecting the excellent condition of the asset. The next closest SSA office is located 38 miles away in Galesburg, IL. This investment offers stable, long-term income backed by the U.S. Government, which carries an AA+ credit rating from S&P, making it a secure cash-flowing asset for investors. Rock Island is part of the larger Quad Cities metropolitan area, which includes Rock Island, Moline, and East Moline in Illinois, as well as Davenport and Bettendorf in Iowa. With a combined population nearing 400,000, the region supports a diverse economic base, including major employers in manufacturing, aerospace, food production, and defense. Strategically located at the intersection of Interstates 74, 80, and 88, the Quad Cities region benefits from excellent multimodal transportation options—including rail, river barge, and air access. The area offers a balanced lifestyle with robust infrastructure, cultural amenities, a low cost of living, and a reputation for safety and ease of mobility.
Listing Details
- Cap Rate
8%
- Tenancy
Single
- Space Type
office
- Sub Category
executive
- Date Listed
9/8/2025
- Investment Type
Institutional
- Net Operating Income
$106,053
Property Specifics
- Property Name
Social Security Administration (SSA)
- Property Class
B
- No of Buildings
1
- No of Stories
1
- Year Built
2001
- Building Size
9,260 SF
- Lot Size
0.47 AC
- Occupancy
100%