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    907 Locust St Davenport, IA 52803

    Sponsored
    For Sale
    $385,000

    Eight-unit building, high traffic location, strong tenant.

    Property size:
    5,649 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional investment opportunity presents a well-maintained eight-unit commercial building situated at 907 E Locust Street in Davenport, Iowa. The property boasts a substantial 5,649 square feet of space and sits on a 0.53-acre lot. Currently occupied by a single tenant, the Humility of Mary, for over a decade, this building offers remarkable stability and a proven rental history. The tenant recently agreed to a rent increase, demonstrating the property's strong market position. Its prime location on the highly trafficked Locust Street provides excellent visibility and accessibility. The property benefits from convenient access to numerous restaurants, public transportation (bus route), and easy interstate access, enhancing its appeal to both tenants and potential investors. The building is valued at a 10% capitalization rate, representing a compelling return on investment. A 24-hour notice is required for all showings. This is a rare chance to acquire a stable, income-generating property in a desirable Davenport location. The property's size, location, and strong tenant history make it an ideal addition to any commercial real estate portfolio. Serious inquiries only.

    Property Features for 907 Locust St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,649 SF
    Lot Size
    23,087 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.56213
    Latitude
    41.53799

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    FAQs

    What type of property is this?
    Commercial real estate - Eight-unit building, high traffic location, strong tenant.
    Where is this commercial real estate located?
    The property is located at 907 Locust St Davenport, IA.
    What is the asking price?
    The asking price for this property is $385,000.
    Request Owner's contact information
    907 Locust St Davenport, IA 52803
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    Davenport, IA 52803
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    907 Locust St Davenport, IA 52803
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