Mixed-Use Building with
1102 Mound Street Davenport, IA 52803
1102 Mound Street, Davenport, IA, 52803
$635,000
For Sale
$635,000
Two-story, fully leased building with lower-level retail/office space and five upper one-bedroom units.
Property Size6,835 SF
Price / SF$92.90
Days on Market100
Property Features for 1102 Mound Street
General Information
- Standard status
- Active
- Size
- 6,835 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1967
Listing agency
Mel Foster Co. Commercial
(563) 650-8676
Listed by
Thad Denhartog, SIOR · License #B39654000/471.002649
(563) 650-8676
Source
Xome
Added: Apr 13 Updated: Jul 21 at 2:24AM Checked: Jul 21 at 2:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mel Foster Co. Commercial
Investment Insights
Based on property information with market context.
This two-story, multi-tenant mixed-use building features lower-level retail/office space and upper-level residential units. The upper level consists of five one-bedroom, one-bathroom units. The property is fully leased.
The building is located in the Village of East Davenport and is configured as a combined income property with both commercial and residential components.
For buyers seeking a multi-tenant structure, the existing tenant occupancy across the retail/office and residential portions provides an immediate, stabilized cash-flow profile based on the information provided.
The building is located in the Village of East Davenport and is configured as a combined income property with both commercial and residential components.
For buyers seeking a multi-tenant structure, the existing tenant occupancy across the retail/office and residential portions provides an immediate, stabilized cash-flow profile based on the information provided.
Key Highlights
- 2‑story, fully leased multi‑tenant building in the Village of East Davenport
- Lower level features retail/office space
- Upper level has five 1‑bedroom, 1‑bath units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.4k | $15.72 |
| − Vacancy | −$7.5k | −$1.10 |
| EGI | $99.9k | $14.62 |
| − OpEx | −$45.0k | −$6.58 |
| NOI | $55.0k | $8.04 |
6,835 SF · lease $15.72/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Office B
$1.11M
$968.9K – $1.29M
NOI $77,509 @ 7.0% cap · market cap 12.21%
Second Best
Retail
$943.2K
$825.3K – $1.10M
NOI $66,026 @ 7.0% cap · market cap 10.40%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,266 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-story, fully leased building with lower-level retail/office space and five upper one-bedroom units.
Where is this mixed-use property located?
The property is located at 1102 Mound Street Davenport, IA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 2‑story, fully leased multi‑tenant building in the Village of East Davenport; Lower level features retail/office space; Upper level has five 1‑bedroom, 1‑bath units
